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.

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