Wallenius Wilhelmsen ASA
WAWI
ISIN NO0010571680 / Valor 11382374
Wallenius Wilhelmsen ASA
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About company
Wallenius Wilhelmsen ASA is a prominent player in the global logistics and shipping industry, specializing in roll-on/roll-off (RoRo) shipping and vehicle logistics. The company facilitates the distribution of cars, trucks, rolling equipment, and breakbulk cargo across the globe. Operating approximately 125 vessels, Wallenius Wilhelmsen services 15 trade routes spanning six continents. In addition to its maritime operations, the company boasts a comprehensive global inland distribution network, 66 processing centers, and eight marine terminals. Headquartered in Oslo, Norway, Wallenius Wilhelmsen employs around 9,500 people across 28 countries, underscoring its extensive international presence and capability in managing complex logistics solutions.
Summarized from source with an LLMView SourceSector: Consumer ServicesLatest Results (09.08.2026):
Wallenius Wilhelmsen ASA — Q1 2026: The group reported a solid but seasonally softer quarter with total revenue of USD 1,253m and adjusted EBITDA of USD 389m (31.0% margin). Net profit was USD 177m (EPS USD 0.38). Shipping showed continued demand but higher near-term costs; Logistics recovered strongly; Government activity was soft. Liquidity and capital metrics remain within targets, while the company lowered full‑year adjusted EBITDA guidance to about USD 1.6bn, citing higher bunker and capacity costs linked to the Middle East conflict.
Key consolidated results
Total revenue USD 1,253m (‑1% QoQ, ‑3% YoY). EBITDA USD 381m; adjusted EBITDA USD 389m (‑3% QoQ, ‑16% YoY). Net profit USD 177m and basic EPS USD 0.38. Adjusted EBITDA margin 31.0%.
Shipping performance
Shipping revenue USD 943m (‑3% QoQ) and adjusted EBITDA USD 333m (‑6% QoQ). Volumes fell seasonally; net freight per cbm rose ~2% QoQ. Charter-in market tightened and charter costs increased. Net bunker cost impact is rising — significant fuel cost effects expected to materialize in Q2 before recovery via BAF clauses in later quarters.
Logistics performance
Logistics revenue USD 289m (+11% QoQ) and adjusted EBITDA USD 42m (+49% QoQ). Improvement driven by higher auto volumes, cost measures and operational efficiency. Contract backlog ~USD 2.7bn (revenue‑weighted duration ~8.1 years).
Government services
Government revenue USD 87m (+1% QoQ) and adjusted EBITDA USD 23m (+6% QoQ). Q1 was impacted by seasonally lower US government volumes; MSP payments supported results. Fleet now 10 vessels after one recycled.
Liquidity, cash flow and capital structure
Cash and cash equivalents USD 890m (EOP); undrawn credit facilities USD 547m; total liquidity USD 1,437m (target ~USD 1bn). Cash flow from operations USD 322m. Net interest‑bearing debt USD 2,065m (up QoQ). The group repaid USD 274m of debt in Q1 and paid a dividend of USD 427m.
Fleet and capex
Group controlled 131 vessels (121 Shipping + 10 Government). Remaining newbuilding capex for 14 Shaper class vessels ~USD 1.4bn; first delivery expected during summer 2026. 39 unencumbered vessels at quarter end.
Outlook & impacts of Middle East conflict
Company expects 2026 adjusted EBITDA ~USD 1.6bn (revised down), mainly reflecting higher net bunker and capacity costs. Direct revenue exposure to the Middle East is limited (~2–3%), but indirect effects — notably higher fuel prices and routing complexity — create near‑term cost pressure with recovery via BAF timing lag.
Financial targets & risk
Financial targets met: L12M ROCE adjusted 17.4%, equity ratio 39.4%, leverage 1.2x. Key risks highlighted: fuel price volatility, charter market tightness, geopolitical developments (Strait of Hormuz/ME conflict) and fleet supply growth.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
7647 M
Market cap (USD)
653,185
Daily traded volume (Shares)
96.7 / 93.2
1 day high/low (USD)
52 weeks high/low (USD)
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Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
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EPS (USD)
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Ratings & reviews
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