Wilhelmsen CEO sees pandemic strain services business in the first half year

The pandemic still strains the services business at Norway's Wilhelmsen and the CEO expects the current situation to continue in the second quarter. The company books a profit on the bottom line for the quarter.

Photo: Wilhelmsen

Wilhelmsen feels the impact of the global coronavirus pandemic, especially in the Norwegian group's important services business.

The company exits the first quarter of the year with a USD 16 million profit, which constitutes a 94 percent drop from the USD 253 million booked in the fourth quarter 2020. The bottom line result is, however, much better than the USD 339 million deficit booked in the first quarter last year.

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