Oslo, 25 April 2025: Höegh Autoliners (“Höegh Autoliners” or the “Company”, ticker code: HAUTO) continued to report solid financial performance in the first quarter of 2025. The gross revenue was USD 329 million/NOK 3,559 million, operating profit (EBITDA) was USD 155 million/NOK 1,671 million, and net profit after tax was USD 155 million/NOK 1,672 million.
Vis børsmeldingen
Highlights of the quarter
• Operating profit (EBITDA) of USD 155 million and net profit after tax of USD 155 million.
• Historic strong contract backlog and increase in contract share of ~7% from Q4 2024
• Signed two long-term contracts with two major international car producers, each contract with value above $100m.
• Exercised option to purchase leased vessel Höegh Copenhagen.
• Höegh New York delivered to its new Owner.
• Q4 2024 dividend of USD 90 million paid in March 2025.
• A dividend for Q1 2025 of USD 158 million (USD 0.8282 per share) declared and will be paid out in May.
Andreas Enger, CEO of Höegh Autoliners, comments: “Höegh Autoliners continued to deliver solid financial results amid ongoing global uncertainties and heightened geopolitical tensions. In the first quarter, we achieved an operating profit of USD 155 million and a net profit after tax of USD 155 million. We further strengthened our long-term outlook by securing two additional multiyear contracts, bringing our total contract share to over 80%. This reflects our strategic commitment to growing contract cargo proportion with key customers and ensuring higher fleet utilization as we navigate the next phase of the market cycle. On the capacity side, all four of our newbuild vessels are now fully operational, significantly enhancing our cargo lifting capacity for the coming months. As part of our ongoing commitment to delivering value to our shareholders, I’m pleased to announce a quarterly dividend of USD 158 million to be distributed in May. I want to sincerely thank our dedicated employees, trusted partners, and customers for their continued support. Together, we are well-positioned to meet the challenges ahead.”
Outlook
Geopolitical uncertainties have dramatically increased since the start of 2025, accelerated by the announcement of US tariffs and port fees. If fully materialized, a combination of tariffs and port fees will reduce volumes transported and increase operational costs for vessels calling US.
We monitor the Rea Sea situation continuously and maintain regular communication with relevant stakeholders. We do not expect to return to trading through the Red Sea in the near future.
We expect Q2 EBITDA to be in line with Q1 2025.
Please find attached the Q1 2025 report. The results will also be presented by CEO Andreas Enger and CFO Espen Stubberud at 08:30 CET today. The presentation will be held in English, and the presentation will be made available on our website at 7.30 CET. A recorded version of the webcast will be made available on our website soon after the webcast ends.
Link to watch the webcast: https://investors.hoeghautoliners.com/investors/reports-and-other-resources/webcasts-and-videos/default.aspx
For further information, please contact:
Andreas Enger, CEO
andreas.enger@hoegh.com
+47 901 31 228
Espen Stubberud, CFO
espen.stubberud@hoegh.com
+47 400 39 753
My Linh Vu, Head of Finance, Treasury and IR
my.linh.vu@hoegh.com
ir@hoegh.com
+47 486 48 086
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 more than 2 000 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 460 people in its 16 offices worldwide and around 1 200 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.
Kilde
