Wallenius Wilhelmsen ASA

WAWI

Equity

ISIN NO0010571680 / Valor 11382374

Oslo Stock Exchange (2025-04-02)

NOK 71.05-3.07%

Wallenius Wilhelmsen ASA
UMushroom community rating:

5.00 1 votes No rating yet

NegativeNeutralPositive

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 Services

Strong EBITDA Performance

Wallenius Wilhelmsen ASA reported a robust adjusted EBITDA of USD 503 million for Q3 2024, marking it as the second strongest quarter on record. This performance was driven by stable shipping volumes and improved margins, despite a seasonal decline in the Logistics segment. The Shipping and Government segments showed significant year-over-year and quarter-over-quarter improvements, contributing to the overall strong financial results.

Revenue and Profit Trends

For Q3 2024, Wallenius Wilhelmsen ASA achieved total revenue of USD 1,353 million, a slight decrease of 1% from the previous quarter but a 3% increase compared to Q3 2023. The net profit for the period was USD 259 million, reflecting a 13% decline from Q2 2024 and a 7% decrease from Q3 2023. The reduction in profit was influenced by a USD 32 million provision and increased financial expenses.

Cash Flow and Debt Management

Wallenius Wilhelmsen ASA demonstrated strong cash flow from operations, amounting to USD 554 million in Q3 2024, which represents a 41% increase quarter-over-quarter. The company continued to reduce its net interest-bearing debt by 17% to USD 1,498 million, supported by solid operating cash flow and limited investments. The group maintained a healthy liquidity position with cash and cash equivalents totaling USD 1,829 million.

Fleet and Newbuildings

At the end of Q3 2024, Wallenius Wilhelmsen ASA controlled a fleet of 124 vessels, with one vessel less than in Q2 due to the re-delivery of Dream Diamond. The company made progress on its newbuilding program, upsizing four Shaper class vessels to 11,700 CEUs. Additionally, EUKOR secured USD 450 million in sustainability-linked financing for six vessels, ensuring continued fleet expansion and modernization.

Outlook and Strategic Initiatives

Wallenius Wilhelmsen ASA remains optimistic about its financial outlook, expecting 2024 EBITDA to surpass 2023 levels. The company is focused on renewing contracts and expanding its industry-leading offerings in shipping, logistics, and integrated supply chain services. The introduction of a semi-annual dividend policy reflects confidence in sustained strong performance, providing a solid foundation for future growth and investment.

Summarized from source with an LLMView Source

Key figures

-22.1%1Y

7.08%3Y

695%5Y

Performance

40.7%1Y

44.7%3Y

49.9%5Y

Volatility