Oslo, February 14, 2025: Höegh Autoliners ("Höegh Autoliners" or the "Company",
stock exchange symbol: HAUTO) reported a solid financial
2024 a solid financial performance. Gross revenue amounted to USD 352 million/NOK 3,878 million and operating profit
(EBITDA) amounted to USD 179 million/NOK 1,967 million and net profit after tax to
USD 138 million/NOK 1,517 million.
Highlights of the quarter
Operating profit (EBITDA) of USD 179 million and net profit after tax of
USD 138 million.
Gross freight rate decreased by 1% to USD 100.4 per CBM compared to the third quarter of 2024
Höegh Borealis delivery in October.
Delivery of Höegh Australis and Höegh Sunlight in December.
Several contracts were signed with major international car manufacturers in the fourth quarter,
leading to the company's highest order backlog ever.
Dividend of USD 245 million for the third quarter of 2024 was paid out in December 2024
A dividend of USD 90 million (USD 0.4718 per share) for the fourth quarter of 2024 was declared and
will be paid out in March.
The total dividend to be paid out in 2024 amounts to USD 841 million (USD 4.4084 per share).
share).
Outlook
Due to several new contracts signed in 2024, Höegh Autoliners starts the year with the
starts 2025 with the strongest order backlog the company has ever had.
normal seasonal slowdown at the beginning of the year, we expect volumes in the first quarter to be
quarter will be in line with those of recent quarters.
The delivery of new builds will gradually ease some of the pressure in our segment
segment, but the general market remains strong and has more volume than we can
can transport in important trade routes.
With regard to the crossing of the Red Sea, we are in regular contact with the relevant
relevant stakeholders and monitor the situation continuously.
The geopolitical landscape is unpredictable and uncertainty has increased in
increased in recent weeks with the threat and introduction of new tariffs. Höegh
Autoliners' direct exposure has been limited so far, but in general any tariff will have a negative
will have a negative impact on the overall market.
We expect an EBITDA result for Q1 that is slightly below that of the same quarter last year.
