Wallenius Wilhelmsen has announced its 2024 annual report, showcasing another record-breaking year with all-time high financial results. The company’s performance has surpassed its previous records from 2023, consistently delivering value to shareholders, customers, stakeholders, and employees alike.
Lasse Kristoffersen, President and CEO, emphasized the positive outcomes, pointing out improvements in safety metrics, customer satisfaction, and team engagement, along with a continued reduction in emissions. This culminated in the best financial results in Wallenius Wilhelmsen’s history.
In 2024, the adjusted EBITDA reached USD 1,901 million, increasing from USD 1,807 million in 2023. The return on capital employed (ROCE) was 19.9%, with an equity ratio of 39.5% and a leverage ratio of 0.9.
The net profit for the year stood at USD 1,065 million—up from USD 967 million the previous year. All business segments contributed positively to the overall revenue of USD 5,308 million, a 3% increase from 2023.
Shipping revenues rose by 1% to USD 3,937 million, despite an 8% drop in transported volumes due to capacity constraints. However, this was offset by higher average rates driven by a repricing strategy.
Meanwhile, the Logistics segment saw a 5% increase in revenue to USD 1,205 million, aided by fewer supply chain disruptions, while government revenue surged by 32% to USD 427 million, mainly due to increased U.S. flag cargo activity. The Board also announced a record dividend of USD 1.24 per share for the second half of 2024, leading to a total payout of USD 524 million.
The total dividend linked to 2024 earnings is USD 1.85 per share, reinforcing the company’s commitment to long-term value creation for stakeholders. Looking ahead, Wallenius Wilhelmsen is poised for future growth.
The company believes it is uniquely positioned to navigate a complex global environment, aiming to lead in the creation of sustainable supply chains. With a robust financial foundation and essential strategic partnerships, it anticipates continued success in 2025.