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Höegh Autoliners transfers to main market on Oslo Børs

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  • Fifth transfer on Oslo Børs in 2022
  • Market capitalisation of approximately NOK 5.6 billion

 

Oslo – 2 May 2022 – Oslo Børs, part of Euronext Group, today congratulates Höegh Autoliners (ticker: HAUTO) on the transfer from Euronext Growth Oslo to Oslo Børs main market, which now counts 210 companies.

Höegh Autoliners is a leading global provider of cargo transportation services for cars, high and heavy machinery and breakbulk. Each year the company transports approximately the equivalent of two million cars as well as other rolling and static cargo. The company recently announced that it has signed a contract to build an additional four new multi-fuel and zero carbon ready Aurora class vessels, extending its Aurora class newbuilding program to eight vessels.

At opening, the share price was set at NOK 29.60 per share based on its closing price on Euronext Growth Oslo on 29 April. This corresponds to a total estimated value of the company of approximately NOK 5.64 billion.

Leif O. Höegh, Chair of Höegh Autoliners said: “Our commitment to the maritime industry started almost a century ago, so this is a proud moment for Höegh Autoliners and an important milestone in the history of the company. Joining the main market of the Oslo Stock Exchange emphasises our strong position and robust business model.

Andreas Enger, CEO of Höegh Autoliners said: This marks an important step in our long-term commitment to be the leader in zero emissions shipping and supporting the decarbonisation of our customers’ supply chain. I would like to thank our people, customers, investors, and partners for contributing to our success. I am impressed with the many achievements we have reached in a short amount of time, which speaks volumes of the company’s people and the effort they have put in to making it all possible."

“We don’t just talk about sustainability and becoming green. We act. Together with our customers and trusted partners, we are constantly taking significant strides to making the maritime industry more sustainable and meeting our net zero emissions target by 2040,” concludes Andreas Enger.

Andreas Enger, CEO of Höegh Autoliners together with the team, rang the bell this morning to celebrate the transfer of the company to Oslo Børs main market. They were welcomed by Øivind Amundsen, CEO Oslo Børs. (Photo: Christopher Fey/NTB)

Caption: Andreas Enger, CEO of Höegh Autoliners together with the team, rang the bell this morning to celebrate the transfer of the company to Oslo Børs main market. They were welcomed by Øivind Amundsen, CEO Oslo Børs. (Photo: Christopher Fey/NTB)

 

 

About Höegh Autoliners

Höegh Autoliners is a leading global provider of RoRo (Roll On Roll Off) transportation services delivering cars, high and heavy and breakbulk cargoes across the world. The Company operates around 40 RoRo vessels in global trade systems and makes about 3 000 port calls each year. Our purpose is to develop innovative solutions for greener and more sustainable deepsea transportation. We are on a path to a zero emissions future and are working closely with customers and partners to achieve this. Höegh Autoliners has its head office in Oslo, Norway and employs around 375 people in its 16 offices worldwide and around 1 250 seafarers. 

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €6.6 trillion in market capitalisation as of end March 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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