Q1 2024 Wallenius Wilhelmsen ASA Earnings Call Transcript
Good morning, and welcome to the first quarter presentation by Wallenius Wilhelmsen. I will present together with our CFO, Torbjørn Wist, who will join me later on the numbers. As always, please type your questions in the chat, and we will have a Q&A after the presentation.
So let me start head-on. We delivered another strong quarter in the first quarter of 2024 with an EBITDA of $438 million. We delivered very strong numbers, both in logistics and in government and despite significant challenges, both in the Red Sea and Baltimore and other places.
We delivered strong numbers also in shipping. We see a continued strong customer demand. Basically, we are sold out in shipping and we see rates improving both year on year and quarter on quarter. Thanks to new contract signed by the end of next year and early this year.
The high and heavy piece element was down to 25% in the quarter, but fully compensated by cars, which increasingly narrowed the gap between high and heavy and cars on freight rates. In the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
