WILH. WILHELMSEN HOLDING ASA Good performance from the operating businesses delivered an EBITDA ofUSD 33 million in the fourth quarter for the Wilhelmsen group. Contributions from associates were down, giving a profit ofUSD 80 million for the period. Total income for the group wasUSD 256 million , up 4% from the fourth quarter of 2022 and up 1% from the previous quarter. EBITDA wasUSD 33 million , down 2% from corresponding period last year and down 8% from the previous quarter. "Maritime Services grew steady in the fourth quarter and rounded off the year with the acquisition of Zeaborn Ship Management. Income for New Energy was somewhat lower than we saw in the third quarter, mainly due to seasonality," saysThomas Wilhelmsen , group CEO. The Maritime Services segment had a total income ofUSD 187 million in the fourth quarter. This was up 15% from the corresponding period last year and up 5% from the previous quarter. All main activities had a year-over-year increase in total income, driven by volume growth, new bolt-on acquisitions, and inflationary effect on pricing. In December, Wilhelmsen andMPC Capital agreed to acquire 100 % of the company Zeaborn Ship Management. Zeaborn manages a fleet of around 100 vessels. The closing of the transaction is expected in the first quarter of 2024 and is subject to approval by the competent antitrust authorities. Total income for the New Energy segment wasUSD 68 million in the fourth quarter. This was down 18% from the corresponding period last year and down 8% from the previous quarter. The reduction year-over-year was due to a previous year sales gain and loss of income from NorSea Wind.The Strategic Holdings and Investments segment reported aUSD 76 million profit to equity holders of the company in the fourth quarter. This reflected lower contribution fromWallenius Wilhelmsen ASA and stable contribution from other holdings and investments. Net profit to equity holders of the company wasUSD 74 million for the quarter, equal toUSD 1.68 earnings per share (EPS). In 2023, the group delivered a strong 37% total shareholder return. The board proposes that the Annual General Meeting approves a first dividend ofNOK 10.00 per share and authorises the board to distribute additional dividend of up toNOK 8.00 per share. Commenting on the outlook for the group, Wilhelmsen says: "We retain a strong balance sheet, and will continue to develop companies within maritime services, shipping, logistics, renewables, and related infrastructure, all while delivering consistent yearly dividends." For further information, contact: Åge Sturtzel IROWilh. Wilhelmsen Holding ASA Tel: +47 900 87 670 aage.sturtzel@wilhelmsen.comOle Jakob Ytterdal VP Corporate CommunicationWilh. Wilhelmsen Holding ASA Tel: +47 970 88 362 Ole.j.ytterdal@wilhelmsen.com About Wilhelmsen Our ambition is to shape the maritime industry. Founded inNorway in 1861, Wilhelmsen is now a comprehensive global maritime group providing essential products and services to the merchant fleet, along with supplying crew and technical management to the largest and most complex vessels ever to sail. Committed to shaping the maritime industry, we also seek to develop new opportunities and collaborations in renewables, zero-emission shipping, and marine digitalization. Supporting a diverse and inclusive workplace, with thousands of colleagues across more than 60 countries, we take innovation, sustainability and unparalleled customer experiences one step further. For more information, please visit wilhelmsen.com.
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