Höegh Autoliners ("Höegh Autoliners" or the "Company", ticker code: HAUTO)
continued to report strong financial performance for the third quarter of 2023.
The gross revenue was USD 355 million (unchanged Q-o-Q)/NOK 3,719 million,
operating profit (EBITDA) was USD 185 million (up 2% Q-o-Q)/NOK 1,942 million,
and net profit after tax was USD 142 million (up 7% Q-o-Q)/NOK 1,491 million.

Highlights of the quarter 

	Slight volume decrease in the third quarter while the net rate increased to a
new high level of USD 78.5 per CBM (up 5% Q-o-Q). Gross freight rate increased
by 4% compared to Q2 2023 to USD 90.5 per CBM.
	Record operating profit of USD 185 million as a result of strong net rate,
continuing cost efficiency, and lower bunker prices.
	Agreement with Kongsberg Digital signed, strengthening the ambition to lead
the way in green maritime technology.
	Höegh Autoliners was included in OBX index from 15 September 2023.
	Dividend for the second quarter of USD 67 million paid in August 2023. The
dividend for the third quarter of USD 70 million (USD 0.3669 per share)/NOK 784
million (NOK 4.1072 per share) is declared and will be paid in November 2023.
The dividend represents 50% of the net profit adjusted for non-payable taxes.


Andreas Enger, CEO of Höegh Autoliners, comments: "I am pleased to share that
Höegh Autoliners has delivered another exceptional quarter. Throughout the third
quarter, Höegh Autoliners maintained strong rate momentum thanks to a good
combination of robust cargo support from our contract customers and favorable
opportunities in the spot market. Despite the negative impact of delays and port
congestions, we consistently served our customers and filled up vessels on all
trades. The third quarter dividend is increased to USD 70 million, illustrating
our strong commitment to generating shareholders' returns. The ongoing process
of optimizing our contract portfolio, coupled with our solid balance sheet and
strong cash generation, positions us favorably for future growth and our
transformation into the most environmentally sustainable PCTC company."

Outlook 

The demand situation remains strong. Growth in global car sales and exports is
leading to increased demand for PCTCs at healthy rates. We expect this situation
to continue through the fourth quarter. Financially we expect Q4 to be another
strong quarter for Höegh Autoliners. 

Please find attached the Q3 2023 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 watch the webcast:
https://investors.hoeghautoliners.com/investors/reports-and-presentations/webcas
ts-and-videos/default.aspx 

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:
Camilla Knappskog, Head of Communications
camilla.knappskog@hoegh.com
+47 926 66 156

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 390 people in its 16 offices worldwide and
around 1 170 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.