Stable performance from the operating businesses delivered EBITDA of USD 34
million, with the Wilhelmsen group also benefitting from a strong contribution
from associates in the fourth quarter. Combined with a net financial gain, this
resulted in a profit of USD 198 million for the quarter.
Total income for the group was USD 246 million, up 6% from the fourth quarter of
2021, and up 5% from the previous quarter. EBITDA was USD 34 million, up 8%
year-over-year and down 5% from the previous quarter. An increase in operating
revenue and a sales gain had a positive effect on EBITDA, while higher operating
expenses had a negative effect.
"Our operating businesses continue to perform positively, despite the
geopolitical uncertainties, market volatility and ongoing inflationary
pressures. The strong contribution from Wallenius Wilhelmsen is also a positive
for the quarter, as we continue to build for future success" says Thomas
Wilhelmsen, group CEO.
The Maritime Services segment continues its positive development with a total
income of USD 162 million, up 6% year-over-year and up 3% from the previous
quarter. EBITDA was USD 25 million, up 2% year-over-year and up 5% from the
previous quarter. EBITDA was supported by the year-over-year increase in income
and a strong USD but was impacted negatively by higher freight and other costs.
In the fourth quarter, total income for the New Energy segment was USD 83
million. This was up 6% from the corresponding period last year and up 10% from
the previous quarter. Income was supported by a USD 6 million sales gain and
increased operating revenue in local currencies. EBITDA was USD 15 million,
lifted by the sales gain.
The group's Strategic Holdings and Investments segment reported a USD 164
million profit to equity holders of the company in the fourth quarter. This
reflected a continued strong contribution from Wallenius Wilhelmsen ASA of USD
98 million and a USD 70 million positive change in fair value of the
shareholding in Hyundai Glovis.
Net profit to equity holders of the company was USD 182 million for the quarter,
equal to USD 4.08 earnings per share (EPS).
The board proposes that the annual general meeting approves a first dividend of
NOK 6.00 per share and authorises the board to declare a second dividend of up
to NOK 4.00 per share.
Commenting on the short-term outlook for the group, Wilhelmsen says: "With a
solid balance sheet and clear strategic focus on long term value creation, the
Wilhelmsen group retains its capacity to support and further build 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.