Wallenius Wilhelmsen delivers a strong Q1 result with an EBITDA of USD 462m. "We
deliver solid financial results despite seasonally low volumes, soft H&H
markets, and an uncertain market environment," says Lasse Kristoffersen,
President and CEO of Wallenius Wilhelmsen.
Despite increasing market uncertainties relating to US tariffs and port dues -
the company delivers a strong start to the year and maintains a positive outlook
for 2025.
"Despite the turmoil, Wallenius Wilhelmsen's position as the global leader in
our segment was manifested in the quarter. We announced multi-year contracts
worth billions of dollars within Logistics and Shipping in the quarter and
continue to see solid demand for our services, in particular out of Asia," says
Kristoffersen.
The EBITDA of USD 462m is an increase of five percent YoY, mainly driven by
strong results in the Shipping and Government segments.
Total revenue for Q1 was USD 1,297m, up from USD 1,255m for the same period last
year. Net profit also increased YoY, with a total of USD 246m in Q1 2025, an
increase of 22 percent from Q1 2024.
Global flexibility and position
Tariffs and potential port dues may impact global trade and growth. Wallenius
Wilhelmsen is well-positioned as a global player to benefit from new trades and
opportunities that emerge if existing trade lanes alter and regional needs grow
as a result.
"While we see and expect a decline in US imports and possibly exports, other
regions are seeing growth - especially out of Asia. We expect this to continue
for the rest of the year, resulting in high utilization in particular for the
Shipping and Government segments," explains Kristoffersen.
Solid financial outlook
2025 will be another strong year for Wallenius Wilhelmsen. Despite the current
market uncertainty, we expect Q2 to be stronger than Q1 and adjusted EBITDA for
2025 to be in line with 2024. But the outlook is uncertain given the current
market environment.
"This secures a continued strong cash flow, allowing us both to stand by our
dividend policy and to invest in the development and growth of our business,"
Kristoffersen comments.
Q1 highlights:
- The market uncertainties increased materially with the announcement of tariffs
and port dues in the quarter
- Continued strong demand for our services with long term contracts announced
for both shipping and logistics in the quarter
- Delivered an EBITDA of USD 462m for the quarter, up 5% YoY backed by strong
performance in Shipping and Government
- Concluded MIRRAT sale May 1, 2025
- Q2 is expected to be stronger than Q1
- Adjusted EBITDA for 2025 expected to be in line with 2024, but the outlook is
uncertain given the current market environment
For further information, please contact:
Anders Redigh Karlsen - VP Global IR & Market Insight
Tel: +47 994 20 293
Email: anders.karlsen@walwil.com
Idha Toft Valeur - Media Contact
Tel: +47 406 05 210
Email: idha.valeur@walwil.com
About Wallenius Wilhelmsen
The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo)
shipping and vehicle logistics, managing the distribution of cars, trucks,
rolling equipment, and breakbulk to customers all over the world. The company
operates around 125 vessels servicing 15 trade routes to six continents, a
global inland distribution network, 66 processing centers, and seven marine
terminals. With its head office in Oslo, Norway, the Wallenius Wilhelmsen group
has around 9,500 employees in 28 countries worldwide.
Read more at www.walleniuswilhelmsen.com