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HAUTO: Strong quarter with high profits, tight market, and increased contract coverage

HAUTO: Strong quarter with high profits, tight market, and increased contract coverage

Hoegh Autoliners AsaAugust 14, 20244
HAUTO: Strong quarter with high profits, tight market, and increased contract coverage

About this update from Hoegh Autoliners Asa

EBITDA and net profit reached $174 million, with strong cash flow and a $127 million dividend declared. Market conditions remain tight, supporting high utilization and stable rates, while contract coverage and fleet renewal continue to strengthen the business.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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