Wallenius Wilhelmsen has achieved its best quarter on record in Q2 2024, reporting an all-time high EBITDA of USD 507 million, driven by strong performance across all segments, including Shipping, Logistics, and Government. The company’s strategic sale of its Marine Terminal in Melbourne further highlights its commitment to value creation and its integrated supply chain approach.
Record-Breaking Financial Performance
In Q2 2024, Wallenius Wilhelmsen achieved a record EBITDA of USD 507 million, with Shipping contributing USD 409 million, Logistics USD 60 million, and Government USD 48 million. This quarter marks the highest EBITDA in the company’s history, reflecting strong utilization and increasing rates.
Strategic Sale of Marine Terminal
Wallenius Wilhelmsen announced the profitable sale of its Marine Terminal in Melbourne, Australia, for USD 220 million. This move aligns with the company’s strategy to enhance its integrated logistics services and deliver long-term value to customers.
Positive Outlook and Dividend Declaration
The company declared its first dividend under the new pay-as-you-go policy, representing 50% of the net profit for H1 2024. Looking ahead, Wallenius Wilhelmsen expects 2024 EBITDA to surpass 2023 levels, driven by strong demand and favorable contract terms.
Did you Subscribe to our daily newsletter?
It’s Free Click here to Subscribe!
Source: Wallenius Wilhelmsen
