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May 15, 2020
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- Strong contraction in financial and operating results
Wallenius Wilhelmsen
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- In the first three months of 2020, the volumes of rolling stock
from the fleet decreased by -20%
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 In the first quarter of this year, the Wallenius Group
Wilhelmsen, which mainly operates in the transport sector
automotive logistics with a fleet of 130
ships operated through the Companies Wallenius Wilhelmsen Ocean,
Wallenius Wilhelmsen Solutions, EUKOR, ARC and Armacup, recorded
a sharp decline in financial results due in part to the
effects of the impact of the Covid-19 pandemic that contributed
20% reduction in the volume of cargo transported over the period
from the fleet,-
- Revenues in the period amounted to USD 834 million,
down -18.1% in the first three months of 2019. EBITDA was
130 million dollars (-40.4%). EBIT and net profit
were both negative and equal to -132 million and -285
million dollars compared to positive results for 95
million and 22 million dollars in the first quarter of last year
Year.
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- "Our industry - stressed the President and
Chief Executive Officer of Wallenius Wilhelmsen, Craig Jasienski - is
involved in an unprecedented situation in which volumes
activity has fallen significantly as a result of the closures
cuts in customer production driven by measures to
Covid-19 and weakening demand. We -- specified
- we have taken a number of actions to adjust capacity,
reduce costs and safeguard our level of liquidity
during this stormy phase. With these and with our solid
financial situation, I'm confident we'll successfully cross
crisis."
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- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
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