Norway's Wallenius Wilhelmsen Q2 revenue rises sequentially on strength in shipping services

Wallenius Wilhelmsen ASA

11/08/2026 06:10

Overview
Norway RoRo shipping and vehicle logistics firm's Q2 revenue rose 4% QoQ
Adjusted EBITDA for Q2 fell 7% QoQ, reflecting higher bunker costs
Company resolved to pay dividend and extraordinary payout for H1 2026

Outlook
Wallenius Wilhelmsen maintains 2026 adjusted EBITDA outlook of about $1.6 bln
Company says shipping demand from Asia remains strong, with full fleet utilization
Company notes market remains tight, especially in shipping, with improved rates secured

Result Drivers
STRONG SHIPPING DEMAND - Co said continued strong demand from Asia led to full fleet utilization and higher freight and charter rates
HIGHER BUNKER COSTS - Co said adjusted EBITDA fell due to higher bunker expenses following the conflict in the Middle East
LOGISTICS IMPROVEMENTS - Co said operational improvement program in Logistics services led to best quarter since before Covid

Company press release: ID:nObibbMH4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.31 bln
 
Q2 Adjusted EBITDA
 
$361 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "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 NOK118.00, about 19.6% below its August 10 closing price of NOK146.70
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

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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.)