Wallenius Wilhelmsen has 14 234-metre Shaper-class car carriers on order, the last eight of which have a record 12,100-car capacity.

Wallenius Wilhelmsen delivered a strong Q1 in an uncertain market

FinanceDespite increasing market uncertainties relating to US tariffs and port dues – Wallenius Wilhelmsen delivered a strong start to the year and maintains a positive outlook for 2025. The EBITDA of USD 462 million is an increase of 5% YoY (Year-over-Year), mainly driven by strong results in the Shipping and Government segments. Total revenue for Q1 was USD 1,297 million, up from USD 1,255 million for the same period last year. Net profit also increased YoY, with a total of USD 246 million in Q1 2025, an increase of 22% from Q1 2024. Tariffs and potential port dues may impact global trade and growth.

Wallenius Wilhelmsen considering themselves well-positioned as a global player to benefit from new trades and opportunities that emerge if existing trade lanes alter and regional needs grow as a result. “While we see and expect a decline in US imports and possibly exports, other regions are seeing growth – especially out of Asia. We expect this to continue for the rest of the year, resulting in high utilization in particular for the Shipping and Government segments,” explains Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen.

2025 is expected to be another strong year for Wallenius Wilhelmsen. Despite the current market uncertainty, the company expect Q2 to be stronger than Q1 and adjusted EBITDA for 2025 to be in line with 2024. But the outlook is uncertain given the current market environment.

“This secures a continued strong cash flow, allowing us both to stand by our dividend policy and to invest in the development and growth of our business,” Kristoffersen comments.

May 08 2025