Financial review


The board maintains a balanced view on the prospects for WWL. The positive volume development combined with continued recovery in the high & heavy markets and realisation of synergies will positively impact the results. However, increased volumes will only partly be translated into increased earnings as the utilisation of the fleet is high and additional capacity could be needed to handle the volumes.

The results are expected to be impacted by the contracted reduction in Hyundai Motor Group volumes with EUKOR (from 50% to 40% as from January 2018), as well as rate reductions from contract renewals during 2017 that will come into effect in 2018. In addition, rate pressure for the ocean segment is expected to continue for some time, although the supply-demand balance is forecasted to slowly improve during 2018.