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 (09.01.2026):
Wallenius Wilhelmsen ASA — Q4 2024: The company reported a strong quarter and a record full year. Adjusted EBITDA for Q4 was USD 452m (USD 452m adjusted), full-year adjusted EBITDA was USD 1,901m and FY net profit was USD 1,065m. Q4 net profit was USD 290m (EPS USD 0.63). Management declared a H2 2024 dividend of USD 1.24 per share (USD 524m total, including an extraordinary USD 0.59 per share). The company reiterates strong financial targets and expects 2025 adjusted EBITDA to be at least in line with 2024 or up to 10% higher.
Quarter and full‑year results
Q4 2024 adjusted EBITDA: USD 452m; Q4 net profit: USD 290m; earnings per share: USD 0.63. FY 2024 adjusted EBITDA: USD 1,901m; FY net profit: USD 1,065m; FY EPS: USD 2.30.
Dividend and capital distribution
Board approved a H2 2024 dividend of USD 1.24 per share (USD 524m), comprising an ordinary dividend (50% of net profit) and an extraordinary element (USD 0.59 per share / ~USD 250m). Relevant dates: ex‑dividend Mar 26, 2025; payment ~Apr 28, 2025.
Guidance and capital allocation
Management expects 2025 adjusted EBITDA to be at least in line with 2024 or up to 10% above, and signals continued high dividends with extraordinary payments when balance sheet allows.
Segment performance — Shipping services
Shipping adjusted EBITDA Q4: USD 371m (down 11% QoQ and 5% YoY). Volumes fell (Q4 volume 12,999k cbm, -7% QoQ, -11% YoY) but net freight rates rose (USD 66.4 per cbm in Q4). Fuel surcharge revenues and transported volumes decreased, partly offset by improved customer/trade mix.
Segment performance — Logistics & Government
Logistics Q4 revenue: USD 296m, adjusted EBITDA: USD 44m (down 7% QoQ, margin pressure from year‑end accruals). Government services Q4 revenue: USD 110m, adjusted EBITDA: USD 52m (up 7% QoQ, 64% YoY) driven by strong U.S. government and NATO‑related activity.
Balance sheet, cash and leverage
Net interest‑bearing debt at quarter end: USD 1,758m (down YoY). Cash: USD 1,393m. Operating cash flow Q4: USD 413m with a cash conversion ratio of 91%. Leverage ratio 0.9x; equity ratio 39.5%; ROCE (adjusted) 19.9%.
Orders, fleet and fleet financing
Newbuilding program: 14 Shaper‑class vessels (deliveries 2026–2028): seven 9,300 CEU and seven 12,100 CEU (upsized). Remaining newbuild capex ~USD 1.46bn. Fleet controlled: 125 vessels; 90 owned vessels market value ~USD 6.4bn (Q4).
Commercial wins
Announced USD 8.9bn of large (>USD 100m) contracts in 2024. Notably renewed Hyundai/Kia contract for five years (~USD 4.2bn), increasing Wallenius Wilhelmsen’s share of their export volume to ~50%.
Sustainability and governance
Science Based Targets initiative (SBTi) validated the company’s near‑term and net‑zero 2040 targets. Q4 CO2 emissions: 982k tonnes (up 1.2% QoQ) but CO2 intensity at all‑time low (27.6 gCO2/tonne‑km), below the 2024 intensity target.
Management changes and notable events
CFO change: Bjørnar Bukholm appointed CFO from May 2025 (interim CFO: Jermund Lien). Post‑balance sheet: awarded Gothenburg RoRo terminal operation (12‑year contract from Feb 2026) and launched a new sustainable finance framework.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4897 M
Market cap (USD)
539,624
Daily traded volume (Shares)
96.7 / 93.2
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
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