
Wallenius Wilhelmsen has reported a solid start to 2025, recording an EBITDA of USD 462 million for the first quarter, a 5% year-on-year increase. The Oslo-based shipping and logistics giant managed to maintain stability in the face of growing global trade uncertainty, including looming U.S. tariffs and port dues.
According to Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen, the company’s performance is a testament to its resilience. “We deliver solid financial results despite seasonally low volumes, soft H&H markets, and an uncertain market environment,” he said. Total Q1 revenue rose to USD 1,297 million, up from USD 1,255 million in the same period last year. Net profit reached USD 246 million, marking a 22% increase over Q1 2024.
This growth comes even as the global shipping market faces disruptions from geopolitical shifts and trade policy changes. Kristoffersen acknowledged these headwinds but emphasized that the company’s diverse footprint is a key strength. “While we see and expect a decline in US imports and possibly exports, other regions are seeing growth – especially out of Asia,” he explained.
Multi-year contracts secured in Q1 played a pivotal role in buoying the company’s financials. These deals span both shipping and logistics operations and represent several billion dollars in future revenue. Demand continues to be particularly strong in the Shipping and Government segments, both of which significantly contributed to the quarterly EBITDA.
Despite concluding the sale of MIRRAT on May 1, 2025, the company projects stronger results for Q2. The adjusted full-year EBITDA is expected to align with 2024 figures, although market unpredictability remains a factor.
The company is positioning itself to adapt to shifting trade lanes, suggesting potential benefits as supply chains reconfigure. This flexibility could prove critical if U.S. tariffs dampen transpacific trade flows. Kristoffersen maintained that sustained cash flow would allow Wallenius Wilhelmsen to uphold its dividend policy while continuing to invest in its operations.