Norway's Wallenius Wilhelmsen cuts 2026 EBITDA outlook on higher costs

Wallenius Wilhelmsen ASA

06/05/2026 06:19

Overview

Norway RoRo shipping and vehicle logistics firm's Q1 revenue fell 1% QoQ to $1.25 bln

Adjusted EBITDA for Q1 declined 3% QoQ to $389 mln, reflecting seasonally softer shipping

Company lowered 2026 adjusted EBITDA outlook to about $1.6 bln due to higher costs

Outlook

Wallenius Wilhelmsen expects 2026 adjusted EBITDA to be about USD 1.6bn, down from prior outlook

Company says increased net bunker and capacity costs will impact 2026 results

Company expects substantial indirect effect from higher fuel cost in Q2 before recovery through BAF clauses

Result Drivers

SEASONALLY SOFTER SHIPPING - Company said Q1 shipping results were seasonally lower, contributing to revenue and adjusted EBITDA decline

HIGHER FUEL AND CAPACITY COSTS - Co cited increased net bunker and capacity costs due to a tight charter market and Middle East conflict

LOGISTICS GROWTH - Improved logistics results supported by cost measures and higher auto volumes partly offset shipping decline

Company press release: ID:nObiX9dR6a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$1.25 bln
Q1 Adjusted EBITDA
$389 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

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

Wall Street's median 12-month price target for Wallenius Wilhelmsen ASA is NOK108.00, about 9% below its May 5 closing price of NOK118.70

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)