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Wallenius Wilhelmsen Logistics ASA (WWLO.OL)

WWLO.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Wallenius Wilhelmsen Logistics Acquires Keen Transport​
Thursday, 7 Dec 2017 

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 

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 

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 

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

BRIEF-Wilh Wilhelmsen ASA Q4 EBITDA misses forecast
Friday, 10 Feb 2017 

Wilh Wilhelmsen Asa : Q4 total revenue $450 million (Reuters poll $477 million) . Q4 ebitda $43 million (Reuters poll $82.4 million) . Despite global political uncertainties, the volume decline we have experienced for a long time appears to have bottomed out. We expect a soft volume recovery in the first half of 2017, but with continued rate pressure . Planned merger between wallenius and wwasa is expected to be completed at end of q1 of 2017 .With the proposed merger of wwasa and wallroll ab, the board of wallenius wilhelmsen logistics asa will communicate a future dividend policy.  Full Article

Wilh Wilhelmsen ASA Q4 EBITDA misses forecast
Thursday, 9 Feb 2017 

Wilh Wilhelmsen Asa : Q4 total revenue $450 million (Reuters poll $477 million) . Q4 ebitda $43 million (Reuters poll $82.4 million) . Despite global political uncertainties, the volume decline we have experienced for a long time appears to have bottomed out. We expect a soft volume recovery in the first half of 2017, but with continued rate pressure . Planned merger between wallenius and wwasa is expected to be completed at end of q1 of 2017 .With the proposed merger of wwasa and wallroll ab, the board of wallenius wilhelmsen logistics asa will communicate a future dividend policy.  Full Article

BRIEF-Wilhelmsen and Wallenius to merge
Monday, 5 Sep 2016 

Wilh. Wilhelmsen ASA : Wilh. Wilhelmsen Holding ASA and Wilh. Wilhelmsen ASA have signed letter of intent with Rederi AB Soya and Wallenius Lines AB . Parties to establish new ownership structure for their jointly owned investments . New entity to be named Wallenius Wilhelmsen Logistics ASA . Wallenius Wilhelmsen Logistics ASA will be based on existing listing of Wilh. Wilhelmsen ASA and continue to be listed on Oslo Stock Exchange . Aim is to merge parties' ownership in the jointly owned entities Wallenius Wilhelmsen Logistics (jointly owned 100 pct), EUKOR Car Carriers (jointly owned 80 pct) and American Roll-on Roll-off Carrier (jointly owned 100 pct) . Wilh. Wilhelmsen ASA will issue new shares to Wallenius Lines AB . Upon completing transaction, Wilh. Wilhelmsen Holding ASA and Wallenius Lines AB will have equal ownership in one joint company in region of 40 pct each . Proposed merger is expected to enable synergies between $50-100 million .Proposed transaction is expected to close within Q1 2017.  Full Article

Wilh Wilhelmsen Q2 EBITDA $455 million, above expectations
Friday, 5 Aug 2016 

Wilh Wilhelmsen ASA : Said on Thursday, Q2 total revenue $905 million (Reuters poll $914 million) . Q2 EBITDA $455 million (Reuters poll $447 million) .Expects volume growth to remain weak over the next period.  Full Article

Wilh. Wilhelmsen: JV reaches settlement with US Department of Justice
Thursday, 14 Jul 2016 

Wilh. Wilhelmsen ASA : Said on Wednesday joint venture companies Wallenius Wilhelmsen Logistics (WWL) and EUKOR Car Carriers had been among shipping companies under investigation by US Department of Justice (DOJ) . Said investigation had revealed instances of conduct contrary to company policy and in breach of US competition laws . WWL decided to reach settlement with the DOJ and agreed to pay $98.9 million in fines . EUKOR Car Carriers will not receive fine .Said had made provision for outcome of investigation in Q3 2015 so fine will not have profit and loss effect for company in 2016.  Full Article

Wilh Wilhelmsen Q1 EBITDA $161‍​ mln; beats expectations
Friday, 13 May 2016 

Wilh Wilhelmsen ASA : Q1 total income $608‍​ mln (RTRS poll $550 mln) . Q1 EBITDA $161‍​ mln (RTRS poll $99.9 mln) . Global construction and mining spending is forecasted to remain flat, staying on par with 2015 levels . The board expects volume growth to remain weak over the next period, with continued pressure on margins .The approved demerger of Den Norske Amerikalinje AS will reduce the future contribution from the logistics segment.  Full Article