Wilh. Wilhelmsen Holding ASA Reports Proportionate and Equity Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the Second Quarter of 2015
For the quarter, on a equity basis, the company reported total income of USD 393 million compared to USD 383 million a year ago. Operating profit was USD 110 million compared to USD 67 million a year ago. Profit before tax was USD 86 million compared to USD 56 million a year ago. Profit for the period was USD 84 million compared to USD 49 million a year ago. Profit attributable to owners of the parent was USD 68 million compared to USD 39 million a year ago. Net cash provided by operating activities was USD 66 million compared to USD 20 million a year ago. Investments in fixed assets were USD 76 million compared to USD 15 million a year ago. Net interest-bearing debt was USD 968 million.
The company provided earnings guidance for the second quarter of 2015. For the quarter, the company expects an increase in the group's activity level.