Wilson Sons releases H1/2023 results
Brazil's Wilson Sons, a port and maritime logistics provider listed on B3's Novo Mercado, reported a 23% yoy rise in H1/2023 net income to BRL 197 million (USD 39.6 million). Q2/2023 net income surged by 583% to BRL 111 million (USD 22.3 million). H1/2023 net revenue grew 9% to BRL 1.2 billion (USD 0.2 billion), with ebitda at BRL 497 million (USD 99.8 million), a 13% increase.
The company attributes these positive results to a robust tugboat performance, container terminal growth led by Tecon Rio Grande, and a recovery in offshore energy services. Tecon Rio Grande's handling grew by 12%, while Tecon Salvador remained stable.
Offshore energy services saw a 68% rise in moorings. CEO Fernando Salek expressed optimism about organic growth, trade flows, offshore energy, and disciplined capital allocation. (pb)