Highlights of the quarter
- Operating profit (EBITDA) of USD 155 million and net profit after tax of
USD 155 million.
- Historically strong order backlog and ~7% increase in order share from Q4
2024
- Signing of two long-term contracts with two major international car manufacturers,
each contract with a value of over USD 100 million.
- Exercise of the option to purchase the leased vessel Höegh Copenhagen.
- Höegh New York handed over to the new owner.
- Dividend for the fourth quarter of 2024 in the amount of USD 90 million, paid in March 2025.
- A dividend for the first quarter of 2025 of USD 158 million (USD 0.8282 per share) was declared and
will be paid in May.
Andreas Enger, CEO of Höegh Autoliners, commented: "Höegh Autoliners has
despite ongoing global uncertainties and increasing geopolitical
geopolitical tensions, Höegh Autoliners has continued to deliver solid financial results. In the first quarter, we achieved an operating profit of
USD 155 million and net profit after tax of USD 155 million. We
further strengthened our long-term prospects with the conclusion of two additional multi-year contracts
increasing our overall contract share to over 80 %. This reflects our
strategic commitment to increase the share of contract freight with key customers and achieve higher fleet
ensure higher fleet utilization in the next phase of the market cycle
. On the capacity side, all four of our newbuildings are now fully
operational, significantly increasing our freight capacity for the coming months.
months ahead. As part of our ongoing commitment to create value for our shareholders
shareholders, I am pleased to announce a quarterly dividend of USD 158 million to be paid in May.
to be distributed in May. I would like to sincerely thank our dedicated employees, our trusted partners and our customers
for their continued support. Together we are
well positioned to meet the challenges ahead."
Outlook:
Geopolitical uncertainties have increased dramatically since the beginning of 2025,
accelerated by the announcement of US tariffs and port fees. Should
these tariffs and port charges are fully implemented, this will lead to a reduction in transportation
transportation volumes and higher operating costs for ships calling at the USA.
We are continuously monitoring the situation in the Southern Ocean and maintain regular contact.
with relevant stakeholders. We do not expect to trade via the Red Sea again in the near future.
We expect EBITDA for the second quarter to be in line with the first quarter of 2025
