Wallenius Wilhelmsen's 2022 annual report is now available
Oslo, March 16, 2023 - (WAWI) - Wallenius Wilhelmsen's 2022 financial results were record high. The company capitalized on solid, long-term customer relationships during a year which saw extensive supply chain disruptions. The employees tackled these challenges and continued to find tailored customer solutions to ensure that the demand for shipping and logistics services remained high and the fleet operated at full capacity. "The group delivered an all-time high EBITDA of USD 1,548 million. All segments made significant contributions towards this exceptional result," says Lasse Kristoffersen, CEO and President, who stresses that we during the year saw significant disruptions never seen on such a large scale before. Our competitive advantage "Our competitive advantage is the investments and knowledge we have built over decades to deliver end-to-end services to our customers, both on land and at sea," says Kristoffersen. "The fact that we operate across the entire outbound supply chain makes us well positioned to improve operations and increase efficiency." "Our 2022 financial results lay the foundation for a robust position - financially and strategically - to lead the transformation of shipping and logistics towards the goal of zero emission," says Lasse Kristoffersen. "I am particularly proud of how our people handled the situation during this year: The pandemic subsided, but timely delivery of cargo was disrupted, severe supply chain crunches happened. Cargo had to be re-routed, we planned and replanned. Customer dialog and people relationships became more crucial than ever." Significant contributions from all three segments: o The shipping segment delivered extraordinary results, driven by high freight rates, operational efficiency and the continued full utilization of our fleet. o In logistics, the global terminal operations had a very strong year, even though unstable parts supply had a negative impact on other products. As auto volumes gradually stabilized, the segment ended the year with increasing volumes, revenues and margins. Access to labor remained a challenge throughout the year. o The government segment saw solid growth, mainly due to high U.S. flag cargo activity levels driven by the response of United States and NATO to the Russian invasion of Ukraine. Record dividend payment As a result of the strong financial performance, a record dividend payment for the financial year (FY) 2022 of USD 360 million is proposed to the annual general meeting. The proposed dividend represents 45 percent of profit and is well within the dividend policy ratio of 30 to 50 percent of profit. Total FY 2022 revenue was USD 5,045 million, an increase of 30 percent compared to FY 2021, with higher revenues in all segments. EBITDA ended at USD 1,548 million, up 87 percent from USD 830 million for FY 2021. Adjusted EBITDA ended at USD 1,528 million, up 77 percent compared to FY 2021. Net profit for FY 2022 was USD 794 million, up 349 percent from USD 177 million FY 2021. Please find the annual report 2022 on this page: https://www.walleniuswilhelmsen.com/who-we-are/investors/annual-report For further information, please contact: Investor relations: Anette Orsten, VP Global Treasury & IR. Tel: +47 980 67 912, email: firstname.lastname@example.org Media relations: Anette Maltun Koefoed, VP Corporate Communications. Tel: +47 975 87 999, email: email@example.com Pictures, please see the website: https://www.walleniuswilhelmsen.com/who-we-are/media About Wallenius Wilhelmsen The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo) shipping and vehicle logistics, managing the distribution of cars, trucks, rolling equipment and breakbulk to customers all over the world. The company operates around 125 vessels servicing 15 trade routes to six continents, a global inland distribution network, 66 processing centers and eight marine terminals. Headquartered in Oslo, Norway, the Wallenius Wilhelmsen group has 8,875 employees in 29 countries worldwide.