• BIST 91.630
  • Altın 189,750
  • Dolar 4,7897
  • Euro 5,5819
  • İstanbul 24 °C
  • Ankara 18 °C

Wilhelmsen Holding Q1 results

Wilhelmsen Holding Q1 results
Total income for WWH was USD 914 million for the first quarter of 2014. Top line was up 2% when comparing with the same quarter last year and 2% down from the fourth quarter. The group’s operating profit for the first quarter was USD 76 million, down 2% c

“Lower shipping operating profit in the first quarter follows a reduction in auto volumes combined with an unfavourable trade mix. Seasonality and bad weather also contributed to less volumes transported,” says Thomas Wilhelmsen, group CEO in WWH. “A decline in contribution from Hyundai Glovis reduced the operating profit for the logistics segment, adding to a weaker result for WWASA.”

The maritime services segment saw a continued positive development from the previous quarter. “The contribution from Wilhelmsen Maritime Services (WMS) improved supported by increased sale of maritime products for Wilhelmsen Ships Service, a high order book for Wilhelmsen Technical Solutions and minor acquisitions. The margin also improved within main business areas,” says Wilhelmsen.

The income development within Holding and Investments segment was mixed, with seasonality reducing contribution from NorSea Group.

The annual general meeting (AGM), held 24 April 2014, approved a dividend of NOK 3.00 per share will be paid on or about 8 May.

The board expects a modest improvement in the group’s performance in the second quarter compared with the first quarter.

Commenting on the forward-looking statement, Mr Wilhelmsen notes: “Although theshort term demand for deep sea transportation is modest, WWASA expects the second quarter to be stronger than the first quarter. For maritime services, we see that the general sentiment has improved, but the recent recovery in main shipping markets remain fragile. The Holding and Investment segment will continue to contribute positively to group accounts.”

 

http://turkishmaritime.com.tr

This news is a total 1141 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
  • Kleven to Build Up to Four Expedition Vessels for Hurtigruten25 April 2016 Monday 18:12
  • IMO Representatives Discussed Migrant Issues06 September 2015 Sunday 18:16
  • Golden Anchor Awards 201506 September 2015 Sunday 16:49
  • Asia Tankers-VLCC Rates Dropping15 August 2015 Saturday 12:44
  • USCG Increasing Arctic Presence14 August 2015 Friday 11:58
  • Fennica is on his way to Alaska06 August 2015 Thursday 12:21
  • Tidal Power in Alaska Villages04 August 2015 Tuesday 15:34
  • Egypt and Saudi Arabia define the maritime borders31 July 2015 Friday 10:17
  • Moby Dick is ''in'' again31 July 2015 Friday 09:51
  • NYK Vessel rescuses people!29 July 2015 Wednesday 14:52
  • All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
    Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |