Wallenius Wilhelmsen ASA

WAWI

Equity

ISIN NO0010571680 / Valor 11382374

Oslo Stock Exchange (2024-12-23)

NOK 92.70+2.66%

Wallenius Wilhelmsen ASA
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About company

ased on the information provided, Wallenius Wilhelmsen ASA is a global company with 9500 employees operating in 28 countries, with its headquarters in Oslo, Norway. The company's main brands include Wallenius Wilhelmsen Ocean, Wallenius Wilhelmsen Solutions, EUKOR, ARC, Armacup, and Keen. With a total revenue of USD 5,045 million in 2022, Wallenius Wilhelmsen ASA controls 128 vessels servicing 15 trade routes to six continents, along with a global inland distribution network, in-land processing centers, and marine terminals. The company's focus is on building sustainable supply chains and developing more efficient solutions for the changing world of mobility and transport on land and sea. Wallenius Wilhelmsen ASA aims to achieve a zero-emission full-lifecycle supply chain for vehicles through partnerships with customers and business partners. As a market leader in RoRo shipping and vehicle logistics, the company plays an active role in shaping the future of logistics.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue

Wallenius Wilhelmsen ASA reported total revenue of USD 1,255 million for Q1 2024, which is a 2% decrease from the previous quarter. The shipping services segment experienced a decline in volumes and revenues, while the logistics segment remained stable, and the government segment saw an increase in non-government activity. Compared to Q1 2023, total revenue remained unchanged as lower fuel surcharges in the shipping services segment offset growth in the government and logistics segments.

EBITDA

For Q1 2024, Wallenius Wilhelmsen ASA achieved an EBITDA of USD 438 million, slightly down from USD 454 million in Q4 2023. The shipping services segment contributed USD 378 million to the EBITDA, a 4% decrease from the previous quarter due to reduced volumes. However, logistics services saw an increase of USD 3 million in EBITDA compared to Q4, and government services increased by USD 2 million QoQ. Year-over-year, EBITDA increased by 10% with improvements across all segments.

Net Profit

Wallenius Wilhelmsen ASA recorded a net profit of USD 185 million for Q1 2024, up 38% from USD 134 million in Q4 2023 and up 7% from USD 173 million in Q1 2023. Of the net profit, USD 165 million is attributable to shareholders of Wallenius Wilhelmsen ASA, while USD 20 million is attributable to non-controlling interests, primarily minority shareholders in EUKOR.

Cash and Liquidity

At the end of Q1 2024, Wallenius Wilhelmsen ASA had cash and cash equivalents totaling USD 1,853 million, an increase of USD 148 million from the previous quarter. The increase in cash was driven by solid operational performance, interest received, and proceeds from a loan, offset by investments in vessels and other tangible assets, debt service, and dividend payout. Year-over-year, cash and cash equivalents increased by USD 414 million.

Fleet and New Orders

Wallenius Wilhelmsen ASA maintained a fleet of 125 vessels at the end of Q1 2024, the same as in Q4 2023. During the quarter, the company exercised a purchase option for one vessel and firmed up an additional four 9,300 CEU vessels, bringing the total order book to eight vessels with planned delivery from H2 2026 onwards. The company also holds options for four additional vessels, leaving the number of undeclared options at eight.

Summarized from source with an LLMView Source

Key figures

3.69%1Y

93.6%3Y

328%5Y

Performance

41.5%1Y

45.8%3Y

50.5%5Y

Volatility