OSLO-headquartered PCTC/ro-ro specialist Wallenius Wilhelmsen says it “manoeuvred steadily” through the second of 2025 quarter with an EBITDA of USD 472 million, a 2% increase quarter-on-quarter mainly driven by shipping.
“We see the strong demand, in particular in shipping, continuing into Q3 and maintain our financial outlook for the year, expecting 2025 adjusted EBITDA to be in line with 2024,” Lasse Kristoffersen, WW president and CEO said.
Total revenue for Q2 was USD 1,350 million, an increase of 4% q-on-q, thanks to strong volumes. Net profit for the period totalled USD 403 million, with USD 135 million explained by a capital gain following the sale of Melbourne International RoRo and Automotive Terminal to Qube’s AAT. Without the sales gain, net profit for the period would have been USD 268 million, up 8% quarter on quarter.
“We are pleased to continue the solid performance in Q2, delivering a very strong result, adding substantial contracts to our backlog and continuing the positive trend on safety and emissions,” Mr Kristoffersen said.
While the market remains uncertain with geopolitical tensions and trade flows, the book of business at WW was strengthened during the quarter, reflecting strong market demand for shipping.
As previously announced, WW intends to pay dividends at the top-end of its pay-as-you-go policy and for 1H 2025 will pay a dividend of USD 1.10 per share, equivalent to 50% of underlying net profit and the proceeds from the MIRRAT sale.
During Q2, WW revised its long-term financial targets to ensure better alignment with the company's strategy, financial position and evolving market conditions, it said. One of the new targets details that return on capital employed (ROCE) over the cycle has been increased from 8% to 12%.