Wallenius Wilhelmsen delivers solid results in Q3
Wallenius Wilhelmsen reported an adjusted EBITDA of USD 428m in the third quarter. "We delivered a strong third quarter, with solid demand and performance across the business," says Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen.
Total revenues for Q3 were USD 1,401, up 7% QoQ mainly due to higher revenues for Shipping services. The adjusted EBITDA of USD 428m is up 19% QoQ. Net profit for Q3 totaled USD 212m, up 53% QoQ.
Wallenius Wilhelmsen maintains the 2026 outlook of about USD 1.6bn in adjusted EBITDA.
Building a strong book of business The demand for shipping services out of Asia continued to increase in the quarter and supports higher freight and charter rates.
For Wallenius Wilhelmsen, the shipping capacity is fully committed for 2026 and company experience strong interest from customers in securing long-term capacity.
"We are focused on delivering for our customers and building a strong position for 2027 and beyond. Recent significant contract awards underpin this work," says Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen.
Meeting future demand After the end of the quarter, Wallenius Wilhelmsen announced an expansion of its newbuilding program, Shaper Class, to include four new firm vessels, with up to eight options for additional vessels. Moreover, the expansion was supported by a USD 300m private placement.
"Shaper Class deliveries and our newly expanded newbuilding program will strengthen our competitive position for the years ahead. Through these investments, we secure cost-efficient and flexible tonnage so that we can continue to meet customers' growing needs in the next decades," Kristoffersen says.
Q3 highlights: - Continued increase in demand for shipping ex-Asia supports higher freight and charter rates - Contracting for ~40% of shipping volumes for 2027 well underway with two large awards totaling USD 1.7bn announced post quarter end - Adjusted EBITDA for Q3 2026 ended at USD 428m, up 19% QoQ due to improved performance for Shipping and Government services. This is in line with our trading update - Maintained the outlook for 2026 with an adjusted EBITDA of about USD 1.6bn - Raised USD 300m in new equity to partly fund extension of our newbuilding program with 4x deliveries in 2030, and 8x optional vessels from 2031 - Appointed John Felitto as new CCO and Christian Holth as Interim COO Logistics in early Q4
For further information, please contact: Anders Redigh Karlsen - VP Global IR & Market Insight Tel: +47 994 20 293 Email: anders.karlsen@walwil.com
Idha Toft Valeur - External Communication Specialist Tel: +47 406 05 210 Email: idha.valeur@walwil.com
About Wallenius Wilhelmsen Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo) shipping and vehicle logistics, managing the distribution of cars, trucks, rolling equipment and breakbulk to customers worldwide. The company operates around 130 vessels servicing 15 trade routes to six continents, a global inland distribution network, 70 processing centers and eight marine terminals. Headquartered in Oslo, Norway, Wallenius Wilhelmsen operate in 28 countries and employ around 12,000 people (including seafarers). Read more at: walleniuswilhelmsen.com