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OCEAN WILSONS HOLDINGS LIMITED Quarterly Update Released : 12/05/2021 07:00:00 RNS Number : 2981Y Ocean Wilsons Holdings Ltd 12 May 2021 THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION . UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE , THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN . Ocean Wilsons Holdings Limited Quarterly Update Ocean Wilsons Holdings Limited ( LSE : OCN ) today announces its first quarterly update for 2021 . Our Operations Ocean Wilsons Holdings Limited ( " Ocean Wilsons " or the " Group " ) is a Bermudian investment holding company which holds a portfolio of international investments , and through its subsidiary , Wilson Sons Limited ( " Wilson Sons " ) , controls a maritime services and logistics company in Brazil . The CEO of Wilson Sons Operations in Brazil , Fernando Salek , stated : " Wilson Sons reports 1Q21 EBITDA of US $ 43.6 million , a 20.8 % increase in US $ terms from 1Q20 . • 1Q21 operating results were solid off the back of trade flow growth . Container terminal volumes increased 5.7 % compared to 1Q20 from greater import volumes and trans - shipment . • Towage manoeuvres increased 5.3 % compared to 1Q20 with strong commodities flows . • 1Q21 profit after tax increased to US $ 4.6 million . Excluding foreign exchange movements , Wilson Sons would show a profit after tax of US $ 8.8 million . Wilson Sons 1Q21 EBITDA of US $ 43.6 million increased 20.8 % against 1Q21 ( US $ 36.1 million ) remaining very resilient despite the Covid - 19 pandemic . In Brazilian Real ( " BRL " ) terms EBITDA grew 48.6 % . Container terminal results were positively impacted by import volumes in 1Q21 with some positive domestic economic activity in the quarter and an improvement in the mix of containers handled . The Salvador terminal reported a 2.9 % increase in operating volumes during the quarter , with the completion of civil works related to the expansion in March . At the Rio Grande terminal , total volumes grew 7.3 % against 1Q20 and trans - shipment volumes continued to improve , showing an increase of 35.8 % in 1Q21 compared to 1Q20 . Towage results continued to be solid with strong volume both in manoeuvres and average deadweight , mainly due to the increase of vessels carrying commodity volumes with iron ore and petroleum performing well . The outlook for 2021 remains overshadowed by a new wave of Covid - 19 infection in Brazil so the health and safety protocols established in our operations and facilities are fundamental to our business in these difficult times , and we are closely monitoring the evolution of the pandemic in the country . Despite this , we continue to see some evidence of recovery in trade flows , although oil and gas services demand remains challenging , with oversupply for offshore supply vessels . I would like to thank the Wilson Sons team for the delivery of this impressive set of results during such challenging times . Fernando Salek , CEO of Operations in Brazil Financial Results Revenues increased 1.5 % to US $ 92.5 million as a result of ( i ) higher towage volumes in ports that operate larger ships , ( ii ) a better mix of containers handled and ( iii ) seven dry docking operations performed . The average USD / BRL exchange rate in the period at 5.48 was 10.3 % higher than the comparative period ( 2020 : 4.97 )