Stable performance from the operating businesses delivered EBITDA of USD 39
million in the second quarter, with the Wilhelmsen group also benefitting from a
strong contribution from associates and financial assets. This resulted in a
profit of USD 251 million for the quarter.
Total income for the group was USD 259 million, up 9% from the corresponding
period last year and down 1% from the previous quarter. EBITDA was USD 39
million, unchanged from both the previous year and quarter.
"Our operating businesses continue to perform positively, supported by new
acquisitions, new contracts, and volume growth. The all-time high contribution
from Wallenius Wilhelmsen is of course also a major positive for the quarter,"
says Thomas Wilhelmsen, group CEO.
The Maritime Services segment continued its positive development with a total
income of USD 185 million, up 19% from the corresponding period last year and up
1% from the previous quarter. EBITDA was USD 30 million, up 19% year-over-year
and up 8% from the previous quarter. EBITDA was supported by the year-over-year
increase in income and a further weakening of the NOK during the second quarter.
Total income for the New Energy segment was USD 74 million. This was down 9%
from the corresponding period last year and down 2% from the previous quarter.
EBITDA was USD 11 million, down 25% from the corresponding period last year and
down 7% from the previous quarter.
The group's Strategic Holdings and Investments segment reported a USD 204
million profit to equity holders of the company in the second quarter. This
reflected an all-time high contribution from Wallenius Wilhelmsen ASA of USD 114
million and a USD 117 million positive change in fair value of the shareholding
in Hyundai Glovis.
Net profit to equity holders of the company was USD 225 million for the quarter,
equal to USD 5.09 earnings per share (EPS).
A first dividend of NOK 6.00 per share was paid on 16 May and the Annual General
Meeting authorised the board to declare a second dividend of up to NOK 4.00 per
share in the second half of the year.
In May, Wilhelmsen carried out a buy-back of 300 000 own A-shares and 100 000
own B-shares.
In addition, Wilhelmsen increased its ownership in Treasure ASA from 77.0% to
78.5% through a combination of liquidation of own shares by Treasure ASA and the
purchase of shares by Wilhelmsen through a voluntary offer.
Commenting on the short-term outlook for the group, Wilhelmsen says: "With a
strong balance sheet and strategic focus on long term value creation, the
Wilhelmsen group retains its capacity to support and further strengthen the
portfolio and to deliver consistent yearly dividends".
For further information,
contact:
Åge Sturtzel,IRO
Wilh. Wilhelmsen Holding ASA
Tel: +47 900 87 670
aage.sturtzel@wilhelmsen.com
David Hopkins,Group Communications Manager
Wilh. Wilhelmsen Holding ASA
Tel: +47 942 88 486
david.hopkins@wilhelmsen.com
About Wilh. Wilhelmsen Holding ASA
Our vision is shaping the maritime industry.
Founded in Norway in 1861, Wilhelmsen is now a comprehensive global maritime
group providing essential products and services to the merchant fleet, along
with supplying crew and technical management to the largest and most complex
vessels ever to sail. Committed to shaping the maritime industry, we also seek
to develop new opportunities and collaborations in renewables, zero-emission
shipping, and marine digitalization. Supporting a diverse and inclusive
workplace, with thousands of colleagues in more than 70 countries, we take
innovation, sustainability and unparalleled customer experiences one step
further.
For more information, please visit www.wilhelmsen.com
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.