Hoegh Autoliners: 2023 Was The Best Year Ever, 2024 Could Be More Difficult

Jan. 29, 2024 10:30 AM ETHöegh Autoliners ASA (HOEGF) Stock5 Comments

Summary

  • Hoegh Autoliners has experienced strong financial performance, with increased revenue and strong EBITDA.
  • The company's cash flow is robust, with high operating cash flow and positive free cash flow.
  • Hoegh Autoliners' fleet is set to expand, but potential future capacity additions may impact charter rates and financial performance.
  • Looking for a helping hand in the market? Members of European Small-Cap Ideas get exclusive ideas and guidance to navigate any climate. Learn More »

Roll-on Roll-of ship loading new cars line up . Automotive container carriers floating in sea, business services import export goods international by Roll-on Roll-of ship large in the Ocean freight,

DINphotogallery/iStock via Getty Images

Introduction

Just over a year ago, I started following Höegh Autoliners ASA (OTCPK:HOEGF) as it looked like the car shipping industry was gearing up for a perfect storm. The demand for capacity increased while

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