Edition:
United States

Wallenius Wilhelmsen Logistics ASA (WWLO.OL)

WWLO.OL on Oslo Stock Exchange

60.90NOK
7:17am EST
Change (% chg)

kr-1.90 (-3.03%)
Prev Close
kr62.80
Open
kr61.70
Day's High
kr61.90
Day's Low
kr60.40
Volume
299,431
Avg. Vol
340,745
52-wk High
kr66.20
52-wk Low
kr39.50

Latest Key Developments (Source: Significant Developments)

Wallenius Wilhelmsen Logistics Q4 Total Income $1,036 Million
Tuesday, 13 Feb 2018 02:00pm EST 

Feb 13 (Reuters) - Wallenius Wilhelmsen Logistics Asa ::SAYS TOTAL INCOME FOR WWL ASA WAS $1 036 MILLION IN Q4, UP 8% FROM Q3.SAYS HAVE DECIDED TO INCREASE ANTITRUST PROVISION WITH $140 MILLION.QTRLY ‍ADJUSTED EARNINGS (EBITDA) CAME IN AT $182 MILLION, A DECLINE OF 5% COMPARED TO PREVIOUS QUARTER​.SAYS QUARTER, COMPANY HAS REACHED ABOUT $75 MILLION IN CONFIRMED ANNUALIZED SYNERGIES.WALLENIUS WILHELMSEN LOGISTICS- FOLLOWING PROGRESS IN REALIZING MERGER SYNERGIES, CO INCREASES ITS SYNERGY TARGET FROM $100 MILLION TO $120 MILLION BY 2019‍​.  Full Article

Wallenius Wilhelmsen Logistics Acquires Keen Transport​
Thursday, 7 Dec 2017 08:23am EST 

Dec 7 (Reuters) - Wallenius Wilhelmsen Logistics Asa ::WWL ASA ACQUIRES KEEN TRANSPORT\, INC..TO ACQUIRE 100% OF SHARES IN KEEN TRANSPORT, INC. FROM PLATINUM EQUITY FOR USD 64 MILLION.​.‍TRANSACTION WILL BE FINANCED THROUGH EXISTING CREDIT FACILITIES​.  Full Article

WWL and Prixcar in deal for Landbased business in Australia
Tuesday, 21 Nov 2017 02:49am EST 

Nov 21 (Reuters) - WALLENIUS WILHELMSEN LOGISTICS ASA ::TO ‍SELL INLAND TRANSPORTATION AND TECHNICAL SERVICE BUSINESS IN AUSTRALIA TO PRIXCAR​.TO GET ‍20% OWNERSHIP SHARE IN PRIXCAR​.DEAL IS SUBJECT TO REGULATORY APPROVALS IN AUSTRALIA AND SEEN TO CLOSE IN Q1 2018​.  Full Article

Wallenius Wilhelmsen CEO: bottom of market has likely passed
Wednesday, 8 Nov 2017 02:38am EST 

Nov 8 (Reuters) - Car and vehicle shipper Wallenius Wilhelmsen Logistics Asa CEO Craig Jasienski told the company's Q3 earnings call::"The bottom of the market has probably passed. That's what we definitely see, even if the third quarter in itself was on the soft side."."We see a positive development in rates in terms of consolidated revenue per cubic meter but this is more driven by cargo and trade mix than actual prices in the market."."Actual prices in the market are still under tremendous pressure."."The supply-demand situation is tightening up but there is still a gap. We are still oversupplied by nearly 800.000 CEU (car equivalent units) of vessel capacity in the market place."."Current fleet growth is only 1 percent, less than it should be given that a newbuilding capacity of about 3 percent should be coming in just for renewal to retain the current fleet."."That will help tightening, but it won't happen in a hurry because of the oversupply situation."."We still have some way to go. Q4 looks pretty tight if you look at the market but Q1 will loosen up again. So in the next two years that we can see on the horizon, we are still oversupplied and that will result in continued pressure on prices."."We still have a way to go before we really tighten up the global fleet.".Wallenius Wilhelmsen late on Tuesday posted forecast-beating third-quarter earnings nL3N1NE2BS.By 0827 GMT, company's shares trade 10.8 pct higher for the day at an all-time high.  Full Article

Wallenius Wilhelmsen Logistics Q3 ‍total income $962 million
Tuesday, 7 Nov 2017 05:01pm EST 

Nov 7 (Reuters) - Wallenius Wilhelmsen Logistics Asa ::Wallenius Wilhelmsen Logistics asa says ‍company maintains $100 million synergy target by 2019​.Wallenius Wilhelmsen Logistics asa says ‍total income for wwl asa was $962 million in q3, up 5% from q2​.  Full Article

Wallenius Wilhelmsen Logistics completes NOK 1 bln unsecured bond issue
Thursday, 28 Sep 2017 06:34am EDT 

Sept 28 (Reuters) - WALLENIUS WILHELMSEN LOGISTICS ASA :WWL - SUCCESSFUL PLACEMENT OF NEW UNSECURED BONDS.SUCCESSFULLY COMPLETED NEW NOK 1,000M UNSECURED BOND ISSUE WITH MARGIN SET AT 3 MONTH NIBOR PLUS 3.00% P.A. AND EXPECTED MATURITY DATE ON 12 OCTOBER 2022.  Full Article

Wallenius Wilhelmsen Logistic Q2 EBITDA down at $106 mln
Wednesday, 9 Aug 2017 01:15am EDT 

Aug 9 (Reuters) - Wallenius Wilhelm Logistic ASA >::Reported on Tuesday total income of $912 million versus $456 million in Q2 2016.Q2 EBITDA $106 million versus $425 million year ago.Said remains cautious about the outlook as the recovery in high & heavy segment remains slow and no significant improvement for large mining shipments is expected before 2019.Said continued rate pressure combined with some overcapacity in the market will continue to pressure on the ocean segment.Said the remaining synergies from the merger will take more time to achieve.The USD 100 million target is maintained with full effect from 2019.  Full Article

Wallenius Wilhelmsen Logistics says total income for WWASA pre-merger operation was $448 million in Q1
Tuesday, 9 May 2017 02:00pm EDT 

May 9 (Reuters) - Wallenius Wilhelmsen Logistics Asa :Wallenius Wilhelmsen Logistics ASA: Q1 2017 results.Total income for WWASA pre-merger operation was USD 448 million in Q1, while EBITDA ended at USD 79 million.  Full Article

Wallenius Lines completes sale of 43.1 mln shares
Thursday, 20 Apr 2017 02:45am EDT 

April 20 (Reuters) - WALLENIUS WILHELMSEN LOGISTICS ASA :WWL: WALLENIUS LINES AB COMPLETES SALE OF 43,104,938 SHARES IN WALLENIUS.COMPLETES SALE OF 43,104,938 SHARES IN COMPANY AT A PRICE OF NOK 40 PER SHARE.FOLLOWING PLACEMENT, WALLENIUS OWNS 160 MILLION SHARES IN COMPANY, REPRESENTING 37.8% OF SHARE CAPITAL AND VOTES.ARCTIC SECURITIES AS, NORDEA BANK AB (PUBL), FILIAL I NORGE AND SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) OSLO BRANCH ACTED AS JOINT BOOKRUNNERS.  Full Article

Wilh. Wilhelmsen: Competition authorities' approval received for merger between Wilhelmsen and Wallenius
Monday, 3 Apr 2017 01:25am EDT 

Wilh. Wilhelmsen ASA : Said on Saturday competition authorities' approval received for merger between Wilhelmsen and Wallenius . As soon as the formal changes are registered, the merged company is to be named Wallenius Wilhelmsen Logistics ASA . Wilh. Wilhelmsen ASA will issue shares to Wallenius Lines AB in exchange for their shares in the currently joint investments . At the completion of the merger, Wilh. Wilhelmsen Holding ASA and Wallenius Lines AB will hold 37.8% and 48% of the new entity to be named Wallenius Wilhelmsen Logistics ASA .The parties have agreed that Wallenius will reduce its shareholding subsequent to the merger, whereby both parties eventually will have an equal shareholding in the new entity.  Full Article