Brief: Wilhelmsen's WMS sees 40 pct topline fall after divestment, targets new growth

Wilh Wilhelmsen Holding ASA

15/09/2016 07:40

Sept 15 (Reuters) - Wilh. Wilhelmsen Holding Asa  WWI.OL  
announced at its capital markets day on Thursday:  
    * Wilhelmsen Maritime Services (WMS), 100 pct owned by Wilh. 
Wilhelmsen Holding, sees 40 percent top line reduction following 
strategic change in portfolio 
    * Insulation and engineered solutions were sold to Trident 
Maritime Systems in August 
    * Wilhelmsen Safety was merged with Survitec Group Ltd in 
June, Canadian ONEX will own 80 pct of the merged company and 
Wilh. Wilhelmsen Holding the remaining 20 pct 
    * Survitec Group's CEO Brian Stringer says IPO could be one 
option in the future 
    * WMS says too early to predict exact affects on results 
    * WMS says nevertheless has ambition to regain some of the 
strong growth experienced from 2005 to 2008 
    * WMS says will seek growth through acquisitions and 
partnership in core areas and reduce ownership in non-core areas 
 
Further company coverage:  WWI.OL  
 
 (Reporting By Ole Petter Skonnord) 
 ((olepetter.skonnord@thomsonreuters.com;))