Shipping company Wallenius Wilhelmsen announces the best quarter in its history, with profit rising to US$315m.
“We are seeing continued high utilisation and increasing rates across our business and are very pleased that the logistics and government divisions have achieved their best EBITDA ever,” says Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen.
EBITDA in the second quarter amounted to US$507m, of which shipping accounted for US$409m, logistics for US$60m and government for US$48m. During the quarter, the company announced the sale of its marine terminal in Melbourne, Australia, for US$220m.
Wallenius rewards shareholders with high dividend
The Board of Directors has decided to pay the first dividend under the recently adopted pay-as-you-go policy. It corresponds to 50% of the company’s net profit for the first half of 2024 and amounts to US$0.61 per share.
The Norwegian shipping company ordered four more newbuildings of the so-called Shaper class during the quarter, bringing its order book to a total of 12 ships.
The Wallenius Wilhelmsen Group is a market leader in RoRo shipping and vehicle logistics, which handles the distribution of cars, trucks, rolling stock and general cargo to customers all over the world. The company operates around 125 vessels serving 15 trade routes on six continents, a global inland distribution network, 66 processing centres and eight sea terminals. The Wallenius-Wilhelmsen Group is headquartered in Oslo, Norway, and employs 9,545 people in 28 countries worldwide.
