- Norway
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- Marine and Shipping
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- OB:WWI
Wilh. Wilhelmsen Holding Second Quarter 2024 Earnings: Beats Expectations
Wilh. Wilhelmsen Holding (OB:WWI) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$301.0m (up 17% from 2Q 2023).
- Net income: US$168.0m (down 8.7% from 2Q 2023).
- Profit margin: 56% (down from 71% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$3.83 (down from US$4.16 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wilh. Wilhelmsen Holding Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 107%.
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, while revenues in the Shipping industry in Norway are expected to remain flat.
Performance of the Norwegian Shipping industry.
The company's shares are up 5.3% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Wilh. Wilhelmsen Holding that you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if Wilh. Wilhelmsen Holding 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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About OB:WWI
Wilh. Wilhelmsen Holding
Provides maritime products and services worldwide.
Flawless balance sheet and undervalued.