Wilh. Wilhelmsen benefits from more cars on the roads

Major Norwegian RoRo carrier Wilh. Wilhelmsen doubled its profits in the fourth quarter, but as expected, the result for 2013 was not impressive.

Photo: Presse

The world's largest RoRo carrier, Norwegian Wilh. Wilhelmsen ASA, finished 2013 in style by doubling its profits in the fourth quarter. From USD 31 million in the fourth quarter 2012 to USD 64 million in the fourth quarter 2013. Revenue declined between the two periods, from USD 903 million to USD 893 million in 2013, according to the latest annual report.

Toward the end of the year, the carrier experienced a particular improvement in the number of cars transported, as the carrier transported a total 11 percent more cars than in the same quarter 2012.

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