Arctic Securities has hiked its profit forecast for Wilh Wilhelmsen ASA suggesting its pending merger with Wallenius Lines will bring a step-change in earnings.
Wilhelmsen and Wallenius have been joint-venture partners for the past 17 years and announced in 2016 that their shared interest in Wallenius Wilhelmsen Logistics, American Roll-on Roll-Off Carrier and Eukor would be combined.
The deal will be completed this year, with Arctic suggesting today $50m in cost savings for fiscal 2017, rising to $100m next year.
