Odfjell Technology Ltd. (OTL) Earnings Call Transcripts

Odfjell Technology Ltd.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Odfjell Technology Ltd. reported stable revenue of NOK 1.37 billion, consistent with Q4 2025 and up 3% year-over-year. Adjusted EBITDA was NOK 204 million, reflecting a margin of 14.8%. The company announced a pause in dividend payments for Q2 and Q3 to strengthen its balance sheet following the acquisition of Kaseum and Razor, which is expected to enhance future earnings. Management signaled a robust backlog of NOK 11.6 billion, bolstered by significant contracts with ConocoPhillips and EnQuest, indicating strong future revenue visibility.

Reported metrics

Guidance from management

Management expects to resume dividend payments in the second half of 2026, contingent on maintaining a robust balance sheet and operational performance improvements. They anticipate a full quarter contribution from Kaseum & Razor in Q2, enhancing revenue potential.

What management said

Welcome to Odfjell Technologies Q1 Presentation. My name is Gert Haugland. I'm the SVP for Finance and Investor Relations in Odfjell Technology. I'm joined by our CEO, Simen Lieungh; and our CFO, Eirik Knudsen. Today's presentation is available on our website, and please take notice of the disclaimer on Page 2. Simen will cover the key highlights and market outlook, backlog and dividend, and Eirik will thereafter go...

Yes. We have a few questions. We'll start with one question regarding Kaseum & Razor. Could you please give us some details on the Kaseum & Razor acquisition regarding the company's actual expected annual revenue and margins?

What analysts pressed on

Analysts expressed concerns regarding the pause in dividend payments and the impact of working capital on cash flow. There were questions about the company's ability to grow outside of Norway and the U.K., as well as the sustainability of margins amid ongoing operational challenges.

Main topics on the call

• Acquisition of Kaseum and Razor — The acquisition of Kaseum and Razor has established a new intervention and plug abandonment platform, which management described as having 'strong structural drivers.' This acquisition is expected to contribute approxima...
• Strong Backlog Growth — Odfjell reported a backlog of NOK 11.6 billion, with NOK 7.3 billion being firm contracts. The recent contract with ConocoPhillips is expected to be a 'pilot' for future service offerings, enhancing revenue visibility.
• Dividend Policy Update — Management announced a pause in dividend payments for Q2 and Q3 to maintain a robust balance sheet, stating, 'We want to have robustness and predictability in our balance sheet.' They expect to resume dividends in the se...
• Market Outlook — Management indicated a stable market backdrop with expectations for increased activity in 2027, particularly in harsh environment areas like the North Sea and offshore Americas. They noted that 'demand for plug abandonme...

Read the full Odfjell Technology Ltd. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 11 Odfjell Technology Ltd. earnings call transcripts on record, spanning February 17, 2023 to May 12, 2026. Based on this history, Odfjell Technology Ltd. reports semi-annually. The most recent call on file is dated May 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

OTL

Exchange

OB

Country

NO

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

11

First call

February 17, 2023

Most recent

May 12, 2026

Reporting cadence

semi-annually