Wallenius Wilhelmsen Full Year 2023 Earnings: Misses Expectations

Simply Wall St

March 20, 2024

Wallenius Wilhelmsen (OB:WAWI) Full Year 2023 Results

Key Financial Results

Revenue: US$5.15b (up 2.1% from FY 2022).
Net income: US$846.0m (up 25% from FY 2022).
Profit margin: 16% (up from 14% in FY 2022). The increase in margin was primarily driven by higher revenue.
EPS: US$2.00 (up from US$1.61 in FY 2022).

revenue-and-expenses-breakdown — OB:WAWI Revenue and Expenses Breakdown March 20th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wallenius Wilhelmsen Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 13%.

The primary driver behind last 12 months revenue was the Shipping Services segment contributing a total revenue of US$3.88b (75% of total revenue). Notably, cost of sales worth US$3.29b amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$577.0m (57% of total expenses). Explore how WAWI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.2% growth forecast for the Shipping industry in Norway.

Performance of the Norwegian Shipping industry.

The company's shares are up 3.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Wallenius Wilhelmsen that you need to take into consideration.

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Discover if Wallenius Wilhelmsen might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.