OSLO 12.02.2025 - Wallenius Wilhelmsen lands another strong result in the final
quarter of 2024 with an adjusted EBITDA of USD 452m. Wallenius Wilhelmsen is
also paying record-high dividends for the second half of 2024. "The company is
in a solid position. We expect 2025 to be another strong year for Wallenius
Wilhelmsen," says Lasse Kristoffersen, President and CEO of Wallenius
Wilhelmsen.

The financial result for the full year of 2024 is another record-breaking result
for Wallenius Wilhelmsen as it exceeds the 2023 results.

Adjusted EBITDA for 2024 totals USD 1,901m in 2024, up from USD 1,807m in 2023.
Net profit in 2024 was USD 1,065m compared to USD 967m in 2023.

All-time high dividend payments  
For the second half of 2024, a dividend has been approved of USD 1.24 per share,
which amounts to a total dividend payout of USD 524m. This is the highest
dividend paid in our history.

"The payout for the second half of the year, represents a distribution of
approximately 95 percent of the net profit from the second half of the year,"
says Kristoffersen.

Wallenius Wilhelmsen intends to keep paying dividends at the top-end of our
pay-as-you-go policy, including extraordinary payments when the financial
position allows for that. The current dividend policy was introduced in 2024.

Dividend linked to 2024 earnings totals USD 1.85 per share.

Positioned for the future
"General trade and market uncertainty has increased recently but we are well
positioned to navigate through this. Thanks to the team's dedication and hard
work, we improved performance on all key parameters during 2024, including a
consistent reduction in emissions year over year. With a solid financial
position, a substantial book of business, and strong partnerships, we are
well-positioned for 2025 and expect that to be another strong year," says
Kristoffersen.

Q4 and FY2024 highlights:
o A strong Q4 with adjusted EBITDA of USD 452m
o A record FY2024 with adjusted EBITDA of USD 1,901m and Net Profit of USD
1,065m
o Dividend of USD 1.24 per share declared for H2 2024, corresponding to c. 95%
of H2 net profit - including an extraordinary dividend of USD 0.59 per share 
o USD 8.9bn worth of contracts above USD 100m in value announced in 2024
o Hyundai/Kia contract renewed for five years with a value of around USD 4.2bn -
increasing our share of their export volume to 50%
o Two more Shaper class vessels ordered and upsized - total order is seven 9,300
CEU and seven 12,100 CEU vessels from 2026 through 2028
o Bjørnar Bukholm new CFO from May 2025 - Jermund Lien serves as interim CFO 
o Expects 2025 adjusted EBITDA to be at least in line with 2024 or up to 10%
above 2024

For further information, please contact: 
Anders Redigh Karlsen - VP Global IR & Market Insight 
Tel: +47 994 20 293 
Email: anders.karlsen@walwil.com  

Idha Toft Valeur - Media Contact 
Tel: +47 406 05 210 
Email: idha.valeur@walwil.com  

About Wallenius Wilhelmsen
The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo)
shipping and vehicle logistics, managing the distribution of cars, trucks,
rolling equipment, and breakbulk to customers all over the world. The company
operates around 125 vessels servicing 15 trade routes to six continents, a
global inland distribution network, 66 processing centers, and eight marine
terminals. With its head office in Oslo, Norway, the Wallenius Wilhelmsen group
has 9,545 employees in 28 countries worldwide. Read more at
www.walleniuswilhelmsen.com