Norwegian RoRo shipping company Wallenius Wilhelmsen has reported Q3 EBITDA results of $223 million, its highest level since the merger of Wilh. Wilhelmsen and Wallenius Lines in 2017.
“I’m proud to announce a strong Q3 for Wallenius Wilhelmsen. We delivered the highest quarterly EBITDA since the merger in 2017, thanks to the efforts of all our employees. The global economy is in recovery, but we are still prepared for continued volatility and imbalance in the market.” Torbjørn Wist, Acting CEO – Wallenius Wilhelmsen.
Highlights:
• Quarterly EBITDA ended at a record USD 223m.
• Strong rate and profitability development in the Shipping segment outweigh a reduction in volumes and lower activity in Logistics and Government services.
• Semiconductor chip shortages impact volumes across all segments.
• Successful bond issue of NOK 1,500m in August with pricing 3m NIBOR+390bps and 5-year maturity.
• Cash position of USD 587m, up USD 21m in the quarter.
View the full report here: https://www.walleniuswilhelmsen.com/storage/downloads/Q3-2021-WAWI-quarterly-report-and-financial-results.pdf
