Annual report 2024
“2024 has been a strong year for Wallenius Wilhelmsen. Our safety statistics are strengthened, our customers are happier with our services and our global team is more engaged. Our emissions continue to be reduced year over year, and we delivered the best financial results in our history.”
Lasse Kristoffersen - President and CEO
Press release
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2024 in brief
2024 was a remarkable year for Wallenius Wilhelmsen.
The company delivered growth and strong financial performance across all segments. This enabled Wallenius Wilhelmsen to exceed its over-the-cycle financial targets by a solid margin. The associated cash flow allowed the company to pay attractive dividends, further invest in the business, and reduce net debt. Multi-year contracts were consistently renewed at rates reflecting the current market, securing a significant book of business for the years to come.
Total revenue was USD 5,308 million for the year 2024, an increase of 3 percent compared to 2023. EBITDA ended at USD 1,869 million for the year 2024, up 3 percent from USD 1,807 million in 2023. Adjusted EBITDA ended at USD 1,901 million, up 5 percent compared to in 2023.
We also made important progress towards our sustainability goals, with improvements in safety statistics and consistent reductions in emissions year over year, trending ahead of our long-term target of net-zero in 2040.