Wallenius Wilhelmsen's 2021 annual report is now available

Oslo, March 23, 2022 - (WAWI) - In a market where demand returned to pre-pandemic levels, Wallenius Wilhelmsen delivered very strong results in 2021 despite strained global supply chains. Driven by high demand, cargo mix and high spot rates, the shipping segment saw positive development in volumes, revenues, and margins. "Another extraordinary year has passed, a year in which we have delivered extraordinary results. This is thanks to the trust from our long-term customers, the investors who believe in us, and the dedication and efforts of our 8,200 employees worldwide. This forms a solid platform for continued growth," says CFO and acting CEO, Torbjørn Wist in the report. The favorable market conditions and the company's strong financial performance drove a steady increase in the share price throughout 2021. The share price closed at NOK 50.6 at the end of the year, up 118 per cent from NOK 23.2 at the end of 2020. Total revenue was USD 3,884m for financial year (FY) 2021, an increase of 31 per cent compared to FY 2020. EBITDA ended at USD 830m for FY 2021, up 75 per cent from USD 473m for FY 2020. Wallenius Wilhelmsen's financial position strengthened with a solid operational cash flow and NOK 2bn raised through two successful bond issues in August and November. Please find the annual report 2021 on this page: https://www.walleniuswilhelmsen.com/who-we-are/investors/annual-report Annual report 2021 (ESEF format): https://www.walleniuswilhelmsen.com/storage/downloads/Annual-report-ESEF-2021-12 -31-en.zip For further information, please contact: Investor relations: Anette Orsten, VP Global Treasury & IR. Tel: +47 980 67 912, email: anette.orsten@walwil.com Media relations: Anette Maltun Koefoed, VP Corporate Communications. Tel: +47 975 87 999, email: anette.maltunkoefoed@walwil.com About Wallenius Wilhelmsen The Wallenius Wilhelmsen group (OSE: WAWI) is a market leader in RoRo shipping and vehicle logistics, transporting cars, trucks, rolling equipment and breakbulk around the world. The company operates over 130 vessels servicing 16 trade routes to six continents, and a global inland distribution network, processing centers, and marine terminals all over the world. The Wallenius Wilhelmsen group consists of Wallenius Wilhelmsen Ocean, Wallenius Wilhelmsen Solutions, EUKOR and ARC. The group is headquartered in Oslo, Norway with 8,200 employees in 29 countries worldwide.

Source: NewsWeb