Opt með œrnri giptu
ǫðlings himins rǫðla
Jóta gramr inn ítri
Englandi rauð branda.
Inn ítri gramr Jóta rauð branda opt Englandi með œrnri giptu ǫðlings rǫðla himins.
The splendid ruler of the Jótar [DANISH KING = Sveinn] reddened blades often in England with ample luck of the Lord of the discs of the sky [HEAVENLY BODIES > = God].
[3] gramr: corrected from ‘grier’ 4867ˣ
case: nom.