Brief: Hoegh Autoliners Q4 Revenue Up At $392 Mln

Hoegh Autoliners ASA

08/02/2024 08:46

Feb 8 (Reuters) - Hoegh Autoliners ASA  HAUTO.OL :
    * Q4 RESULTS AND DISTRIBUTION OF DIVIDENDS
    * WILL PAY OUT RECORD DIVIDEND AMOUNT OF USD 360 MILLION
    * Q4 OPERATING PROFIT (EBITDA) OF USD 199 MILLION
    * Q4 NET PROFIT AFTER TAX OF USD 197 MILLION
    * STRONGEST QUARTER EVER FOR HÖEGH AUTOLINERS
    * RED SEA SITUATION ADVERSELY IMPACT ON OUR CAPACITY AND
VOLUMES
FROM LONGER SAILING
    * WE ARE WORKING SYSTEMATICALLY TO OFFSET LOSS WITH CARGO
REPRICING AND SURCHARGE IMPLEMENTATION
    * WE EXPECT TO TRANSPORT LOWER VOLUMES FOR Q1 THAN AVERAGE
FOR
LAST QUARTERS
    * THIS DUE TO NORMAL SEASONAL SLOWDOWN, SOMEWHAT REDUCED
CAPACITY
DUE TO SALE OF VESSEL AND SITUATION IN RED SEA
    * ENTERS 2024 WITH A SOLID CONTRACT BACKLOG AT HEALTHY RATES
AND
HAS MORE CONTRACTS COMING UP FOR RENEWAL IN FIRST HALF OF 2024
    * Q4 TOTAL REVENUES USD 392 MILLION VERSUS USD 355 MILLION
YEAR
AGO

Source text for Eikon:  ID:nObiYgxJQa 
Further company coverage:  HAUTO.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))