Wallenius Wilhelmsen has demonstrated resilience by achieving a strong start to 2025, even amidst rising market uncertainties stemming from US tariffs and port dues. The company reported an impressive EBITDA of USD 462 million, reflecting a five percent year-over-year increase, primarily fueled by robust performances in its Shipping and Government sectors. Total revenue for the first quarter reached USD 1,297 million, compared to USD 1,255 million during the same period in 2024. The net profit also saw a significant rise, totaling USD 246 million, which marks a 22 percent increase from the previous year.
The evolving trade landscape, influenced by tariffs and potential port fees, poses challenges to global trade and growth. However, Wallenius Wilhelmsen is strategically positioned to capitalize on emerging trades and opportunities, especially as trade routes shift and regional demands grow. Kristoffersen noted that while US imports might decline, other regions, particularly in Asia, are experiencing growth. This trend is expected to persist throughout the year, leading to high utilization rates, especially in the Shipping and Government segments.
Looking ahead, Wallenius Wilhelmsen anticipates a strong financial outlook for 2025, with expectations for Q2 to outperform Q1. The adjusted EBITDA for the year is projected to remain consistent with 2024 levels, albeit with caution due to the current market conditions. Kristoffersen mentioned that stable cash flow would enable the company to maintain its dividend policy and invest in future growth. Key highlights from Q1 include an increase in market uncertainties, robust demand evidenced by long-term contracts in shipping and logistics, and the successful conclusion of the MIRRAT sale on May 1, 2025.
Despite uncertainties, the overall outlook remains cautiously optimistic.