Norway · Delayed Price · Currency is NOK Wallenius Wilhelmsen ASA Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered strong demand and high utilization, with adjusted EBITDA at $389 million, down 3% quarter-on-quarter due to higher fuel and capacity costs. Full-year EBITDA guidance was revised to $1.6 billion, with robust shipping and logistics demand expected to continue despite ongoing cost pressures.
Fiscal Year 2025
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Adjusted EBITDA for 2025 was $1.8B, with strong shipping offset by weaker logistics and government services. The company remains financially robust, expects another strong year in 2026, and is investing in digital transformation and sustainability.
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Adjusted EBITDA reached $471 million, with stable performance across segments despite market volatility and new U.S. port fees. Strong contract renewals and logistics growth, especially in Australia, support a positive outlook into 2026, though USTR fee recovery remains a key uncertainty.
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Reported one of the strongest quarters ever, with EBITDA up 2% and robust demand, especially from Asia. Paid a $1.10 dividend, including Mirat sale proceeds, and raised ROCE target to 12%. Outlook for 2025 remains strong, with continued market momentum and high contract coverage.
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EBITDA rose 5% year-over-year to $462M on $1.3B revenue, with strong shipping offsetting weaker logistics. U.S. tariffs and regulatory changes heighten uncertainty, but high vessel utilization and rate increases support a positive 2025 outlook.
Fiscal Year 2024
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Record 2024 results with $1.9B adjusted EBITDA and $1B net profit, driven by strong contract renewals and robust segment performance. 2025 outlook remains strong, supported by a solid contract backlog, despite increased uncertainty from tariffs and fleet growth.
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Another strong quarter with record shipping EBITDA, robust cash flow, and high contract renewal activity. 2024 is expected to surpass 2023, with strong prospects for 2025 amid resilient demand and ongoing strategic investments.
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Record financial results and a robust dividend policy underpin a strategy focused on integrated supply chain solutions, decarbonization, and digitalization. Major investments in new, greener vessels and logistics expansion support ambitions for double-digit growth and net zero by 2040, while strong customer relationships and market discipline position the company for continued leadership.
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Record Q2 results with adjusted EBITDA of $507M and revenue up 8% quarter-over-quarter, driven by strong shipping, logistics, and government segments. Tight market conditions and robust contract renewals support a positive outlook for 2024, with substantial dividends and ongoing strategic investments.
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A change in accounting for Put/Call options tied to a 20% EUKOR stake was announced, following auditor review. The restatement affects 2023 and Q1 2024 but does not impact financial strength, covenants, or dividend policy. Option valuation is based on a three-year weighted average per Korean tax law.