Wallenius jumps after Q4 earnings beat, set for best day in over a year

Wallenius Wilhelmsen ASA

12/02/2025 11:32

** Shares in Norwegian shipping company Wallenius Wilhelmsen
 WAWI.OL  jump more than 7% after the company posted its Q4
results with a net income beat, higher-than-expected dividend,
including a $0.59 extraordinary payout
    ** "Net income came in at $290 million, up 12% compared with
the previous quarter and 116 percent year-over-year," Kepler
Cheuvreux says via Swedbank Aktiellt equity research service
    ** This was driven by higher realized prices of $66.4 per
cubic meter, up 17% year-over-year and 13% above estimates,
which helped offset lower shipping volumes
    ** Wallenius says the additional dividend is linked to a
capital gain of approximately $190 million from the sale of the
company's MIRRAT shipping terminal, expected to be paid out at
the end of Q1
    ** Shares are on track for best day since October 2023 

 (Reporting by Jesus Calero)
 ((Jesus.calero@thomsonreuters.com))