Höegh Autoliners : Proud to wrap up 2022 with a very strong fourth quarter, says CEO

OSLO:"Weareproud to wrap up 2022 with a very strong fourth quarter and increase d i v i d e n d s t o shareholders to a new high level. The strong financial results further strengthen Höegh Autoliners’ leading positioninthesector Wecontinuetoofferourcustomers thegreenesttransportationoptions,andaccordingtothe 2022 IMO standard, around 50% of our fleet received a CII score of A or B. Thank you to all our seafarers, onshore employees, partners, and customers for yet another strong and eventful quarter. As we continue sailing for sustainability, the future looks both bright and green for Höegh Autoliners", says AndreasEnger,CEO ofHöeghAutoliners.

Highlightsofthequarter

HöeghAutolinersASAreportedthestrongestquarterly financial results ever for the last quarter of 2022 with Operating profit (EBITDA) of USD 156 million (up 37% Q-o-Q),netprofitaftertaxofUSD118million(up28%Q-o-Q)

The volume development was flat while the net rate increasedtoanewhighlevelofUSD68.3perCBM(up9% Q-o-Q).Netrateimprovementwasaresultofcontinuous repricingofcontractvolumesandastrongspotmarket.

Duringthefourthquarterof2022,theCompanydeclared a purchase option for two vessels currently on bareboat charter:HöeghTrapperandHöeghSt.PetersburgforUSD 532millionandUSD297millionrespectively Ownershipof Höegh St. Petersburg was transferred in December 2022,