Norway's Havila Shipping Q4 revenue falls

Havila Shipping ASA

26/02/2026 14:07

Overview

Norway shipping firm's Q4 freight revenue fell yr/yr, operating expenses rose

Company posted Q4 pretax loss, impacted by legal fees and depreciation costs

Fleet utilization in Q4 2025 was 91% despite lower average assignment rates

Outlook

Company did not provide specific guidance for future quarters or fiscal year

Result Drivers

LOWER UTILIZATION - Freight revenues decreased due to lower assignment rates and utilization, with one vessel operating at 49% utilization in the spot market

INCREASED LEGAL EXPENSES - Operating expenses rose due to legal fees related to court cases

HIGH FLEET UTILIZATION - Fleet utilization remained high at 91% despite lower assignment rates

Company press release: ID:nGNE5m8txT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Operating Expenses
NOK 91.10 mln
Q4 Pretax Profit
-NOK 26.20 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the marine freight & logistics peer group is "buy"

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)