RoRo specialist Wallenius Wilhelmsen hit all-time highs in the year’s second quarter, posting earnings before interest, taxes, depreciation, and amortization (EBITDA) of $507 million and a net profit of $315 million. 

“Q2 2024 is the strongest quarter on record with all-time-high EBITDA. We see continued high utilisation and increasing rates across our business and are very happy to see Logistics and Government deliver their strongest EBITDA to date”, says Lasse Kristoffersen, President, and CEO at Wallenius Wilhelmsen.

The second quarter of 2024 showed sustained high activity and profitability across all sectors. Specifically, Shipping contributed $409 million, Logistics $60 million, and Government $48 million.

Divestment

During the quarter Wallenius Wilhelmsen announced the sale of its Marine Terminal in Melbourne, Australia for $220 million as it continues to further develop and refine its integrated offering to customers.

“The profitable disposal of our terminal in Australia in Q2, now expected to close in late 2024/early 2025, demonstrates the underlying value creation within our Logistics segment. We will continue to develop this area to deliver on our ambition to become an integrated supply chain partner to our customers,” says Kristoffersen.

Commenting on the outlook for the rest of the year Kristoffersen said, “We remain confident that 2024 will be another strong year for Wallenius Wilhelmsen and expect EBITDA for the year to be somewhat better than 2023.”