Wallenius Wilhelmsen ASA (WAWIF) Q3 2024 Earnings Call Transcript

Wallenius Wilhelmsen ASA (OTCPK:WAWIF) Q3 2024 Earnings Conference Call October 30, 2024 3:30 AM ET

Company Participants

Anette Maltun Koefoed – Chief Communications & Marketing Officer
Anders-Redigh Karlsen – Investor Relations
Lasse Kristoffersen – Chief Executive Officer
Torbjørn Wist – Chief Financial Officer

Conference Call Participants

Anette Maltun Koefoed

Good morning, good afternoon and good evening and welcome to our Quarterly Presentation. I’m here with our Vice President, Investor Relations, Anders-Redigh Karlsen. What can we expect today?

Anders-Redigh Karlsen

I think another strong quarter and we deliver as promised.

Anette Maltun Koefoed

And very soon, our CEO, Lasse Kristoffersen, will take us through the highlights, followed by our CFO, Torbjørn Wist, who will take us through the financial highlights before Lasse takes the outlook. And then Anders, you will conclude with a Q&A session together with Torbjørn and Lasse. So, please submit your questions during the presentation.

And with this, Lasse, the stage is yours.

Lasse Kristoffersen

Thank you, Anette and Anders. We are really proud of another very strong quarter and this is thanks to the unique team we have and their resilience on whatever we throw at them. This is thanks to the long-term partnership we have with customers and not least, thanks to the fact that we have leading positions in all the markets and products that we are serving. And that has led to very strong financial, operational and not least commercial results in this quarter and I’ll take you through some of the details behind it.

Starting with the EBITDA. Another strong quarter with an adjusted EBITDA of $503 million. We see a strong performance in all our segments and both Shipping and Government have adjusted EBITDA above last quarter. Logistics declined quarter-over-quarter, partly due to seasonality and product mix factors but still delivers underlying strong results. We see very strong