YET TO feel the impact of the Trump Administration’s tariffs on car imports and planned port charges on all PCTCs, Wallenius Wilhelmsen has delivered a strong Q1 2021, with a 5% YoY increase in EBITDA to USD 462 million.
Total revenue for Q1 was USD 1,297 million, up from USD 1,255 million for the same period last year. Net profit also increased YoY, with a total of USD 246 million in Q1 2025, an increase of 22% from Q1 2024.
“We delivered solid financial results despite seasonally low volumes, soft H&H markets, and an uncertain market environment,” Lasse Kristoffersen, WW president and CEO, said.
The company maintains a positive outlook for 2025 despite the turmoil, saying its position as the global leader in our segment was manifested in the quarter through multi-year contracts worth billions of dollars within Logistics and Shipping in the quarter, and continued solid demand for its services, in particular out of Asia.
Tariffs and potential port dues may impact global trade and growth, WW said, but it is well-positioned as a global player to benefit from new trades and opportunities that emerge if existing trade lanes alter and regional needs grow as a result.
“While we see and expect a decline in US imports and possibly exports, other regions are seeing growth – especially out of Asia. We expect this to continue for the rest of the year, resulting in high utilisation in particular for the Shipping and Government segments,” Mr Kristoffersen said.
“2025 will be another strong year for WW. Despite the current market uncertainty, we expect Q2 to be stronger than Q1 and adjusted EBITDA for 2025 to be in line with 2024. But the outlook is uncertain given the current market environment.
“This secures a continued strong cash flow, allowing us both to stand by our dividend policy and to invest in the development and growth of our business,” he said.