The shipping company Wallenius Wilhelmsen, which specializes in car transport, achieved a slight earnings increase in the second quarter despite geopolitical tensions. The order backlog has recently grown.
EBITDA for April–June amounted to USD 472 million, a stable result from the shipping company’s perspective. Compared to the previous quarter, this represents an increase of 2 %. Total turnover in the second quarter amounted to USD 1.35 billion, an increase of 4 %. This was due to “strong volumes” in the shipping segment.
“We see the strong demand, especially in shipping, continuing in the third quarter and maintain our financial outlook for the full year,” said Lasse Kristoffersen, President and CEO of the company. “We expect adjusted EBITDA for 2025 to be at the level of 2024.” Last year, the shipping company generated a significant plus.
Net profit for Q2 2025 totaled USD 403 million, including a USD 135 million capital gain from the sale of the MIRRAT terminal in Melbourne, Australia. Excluding the gain on sale, net profit in the reporting period would have been USD 268 million – an increase of 8 % compared to the previous quarter. “We are pleased to continue our solid performance in the second quarter. We delivered a very strong result, added substantial orders to our backlog and continued the positive trend in security and emissions,” said Kristoffersen.
Despite ongoing uncertainty due to geopolitical tensions and trade flows, Wallenius Wilhelmsen’s order book was strengthened during the quarter. Market demand in the shipping industry therefore remains at a high level.
The Oslo-listed shipping company will pay a dividend of USD 1.10 per share. This corresponds to 50 % of the adjusted net profit and the proceeds from the sale of MIRRAT. During the second quarter, Wallenius Wilhelmsen also revised its long-term financial targets to ensure better alignment with the company’s strategy, financial position and evolving market conditions. One of the new targets is to increase the return on capital employed (ROCE) over the cycle from 8 % to 12 %.
