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Kalender

2024-10-24 Kvartalsrapport 2024-Q3
2024-08-14 Kvartalsrapport 2024-Q2
2024-05-27 Årsstämma 2024
2024-04-24 Kvartalsrapport 2024-Q1
2024-02-21 Kvartalsutdelning HAUTO 19.9216
2024-02-08 Bokslutskommuniké 2023
2023-10-30 Kvartalsutdelning HAUTO 4.1072
2023-10-26 Kvartalsrapport 2023-Q3
2023-08-21 Kvartalsutdelning HAUTO 3.6848
2023-08-17 Kvartalsrapport 2023-Q2
2023-05-08 Kvartalsutdelning HAUTO 3.385
2023-05-04 Kvartalsrapport 2023-Q1
2023-04-25 Årsstämma 2023
2023-02-15 Kvartalsutdelning HAUTO 2.369
2023-02-09 Bokslutskommuniké 2022
2022-11-09 Kvartalsutdelning HAUTO 1.082
2022-10-27 Kvartalsrapport 2022-Q3
2022-09-05 Kvartalsutdelning HAUTO 0.76
2022-08-11 Kvartalsrapport 2022-Q2
2022-05-05 Kvartalsrapport 2022-Q1
2022-04-28 Ordinarie utdelning HAUTO 0.00 NOK
2022-04-27 Årsstämma 2022
2022-02-10 Bokslutskommuniké 2021

Beskrivning

LandNorge
ListaOBX
SektorTjänster
IndustriFordon & Transport
Höegh Autoliners är en global leverantör av transporttjänster inom Roll-on Roll-off (RoRo) segmentet. Bolaget erbjuder sjötransport av bilar, maskiner och lastbilar. Utöver erbjuder bolaget skräddarsydda logistiklösningar genom Autotrans Logistics. Bolaget bedriver sin verksamhet på en global nivå. Höegh Autoliners har sitt huvudkontor i Oslo, Norge.
2022-08-11 07:30:00
Highlights of the quarter 

Höegh Autoliners ASA ("Höegh Autoliners" or the "Company", ticker code: "HAUTO)
reported solid financial results for the second quarter: Operating profit
(EBITDA) of USD 99 million (up 27.7% Q-o-Q), net profit of USD 53 million (up
49.2% Q-o-Q). Dividend of USD 15 million scheduled to be paid in September 2022.

Volumes grew 0.3 million CBM (up 7.3% Q-o-Q) while net rate increasing to a new
high level of $61.9 per CBM (up 8.4% Q-o-Q). The growth in volumes was mainly
due to increased utilisation, while net rate improvement was a result of optimal
cargo mix and continuous repricing in several markets.

The Company concluded the refinancing of the fleet mortgage debt in June 2022
with significantly improved terms. Reduced amortisation profile, lessened
interest cost, extended maturity and fewer vessels pledged allows for further
financial flexibility for the Company.

In May 2022, the Company signed contracts with China Merchants Heavy Industry
(Jiangsu) Co., Ltd. (CMHI) to build another four multi-fuel and zero carbon
ready 9 100 CEU Aurora class vessels, taking the total newbuild program to 8
vessels. The Company has committed external financing for all eight vessels at
favourable market terms. Delivery of Aurora class vessels will start from the
second half of 2024.

Höegh Autoliners' shares were uplisted to the Oslo Stock Exchange's main market
in May 2022. The uplisting will expand Höegh Autoliners' exposure and
possibilities to enhance the liquidity of the stock.

CEO of Höegh Autoliners, Andreas Enger, says: "Second quarter saw geopolitical
challenges, lockdown in China, supply chain disruptions, rising fuel costs and
continuous port congestions. Therefore, it is a great satisfaction that Höegh
Autoliners, despite all this, is continuing our track record of solid
performance and delivering record quarterly financial results. Thank you to all
who have contributed to our strong performance during the first half of 2022".

CFO of Höegh Autoliners, Per Øivind Rosmo, says: "I am happy to see how we are
able to create shareholders value through both our excellent operational
performance and through the recently concluded refinancing of our legacy debt,
as well as the financing of the newbuilding program. We operate and control our
own vessels in well balanced trade systems and benefit from record high
utilisation and increasing freight rates. We are also pleased to announce the
commencement of dividends with a solid dividend yield".

Outlook

The general market fundamentals remain positive with a tight tonnage situation
and repricing of cargo in most trade lines. However, the volatile situation we
have had in first half related to supply chain disruptions, delays and port
congestions is expected to continue for a while and could potentially impact the
current favourable supply and demand balance if the situation with delays
normalizes. The global macro picture with high inflation, increasing interest
rates and fear for recession have so far not impacted our business, but this is
something we are monitoring closely as it could curtail consumer and business
spending as well as increase our cost of borrowings. Most of the increase in
bunker prices earlier this year is, from Q3 2022, covered by BAF and will not
impact the results going forward unless prices move drastic from current levels.
The refinancing of the legacy debt and the new financing agreements for the
newbuilds has reduced the Company's financial risk and exposure to volatile
credit markets.
Based on current trading performance, dividends are expected to be maintained at
around the same level for the remainder of the year.

Update of dividend policy

The updated dividend policy will be as follows:
Höegh Autoliners targets to distribute quarterly dividends to shareholders of
between 30-50 percent of quarterly net profit after tax adjusted for
extraordinary items, taking into consideration its outlook, investment
opportunities and financial position. Any declaration of dividends will,
however, be at the discretion of the Board of Directors. Dividends will be
declared in USD and paid in NOK.

Publication of monthly trading update

To improve transparency to investors, the Company will commence publication of a
monthly trading update from September 2022. The Company will disclose
preliminary net rate, gross rate, volumes and HH/BB share for the previous month
5-10 days into the month.

Please find attached the Q2 2022 report. The results will also be presented by
CEO Andreas Enger and CFO Per Øivind Rosmo at 08:30 CET today. The presentation
will be held in English, and a recorded version of the webcast together with the
presentation will be made available on our website soon after the webcast ends.

Link to the webcast:
https://players.brightcove.net/2866239767001/experience_62e256de0f64f50023278961
/share.html
For further information, please contact
Andreas Enger, CEO
andreas.enger@hoegh.com
+47 901 31 228

Per Øivind Rosmo, CFO
per.oivind.rosmo@hoegh.com
+ 47 400 39 938

Investor Relations
ir@hoegh.com

Media contact:
Jakob Stig Dyvik, Head of Communications
jakob.dyvik@hoegh.com
+47 919 28 321

About Höegh Autoliners:

Höegh Autoliners is a leading global provider of RoRo (Roll On Roll Off)
transportation services delivering cars, high and heavy and breakbulk cargoes
across the world. The Company operates around 40 RoRo vessels in global trade
systems and makes about 3 000 port calls each year. Our purpose is to develop
innovative solutions for greener and more sustainable deep sea transportation.
We are on a path to a zero emissions future and are working closely with
customers and partners to achieve this. Höegh Autoliners has its head office in
Oslo, Norway and employs around 375 people in its 16 offices worldwide and
around 1 250 seafarers.

This statement contains certain forward-looking statements concerning future
events. Forward-looking statements are statements that are not historical facts
and may be identified by words such as "anticipate", "believe", "continue",
"estimate", "expect", "intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Actual events may differ
significantly from any anticipated development due to a number of factors,
including without limitation, changes in investment levels and need for the
Company's services, changes in the general economic, political and market
conditions in the markets in which the Company operates, the Company's ability
to attract, retain and motivate qualified personnel, changes in the Company's
ability to engage in commercially acceptable acquisitions and strategic
investments, and changes in laws and regulation and the potential impact of
legal proceedings and actions. Such risks, uncertainties, contingencies and
other important factors include, but are not limited to, the possibility that we
will determine not to, or be unable to, issue any equity securities, and could
cause actual events to differ materially from the expectations expressed or
implied in this release by such forward-looking statements.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.