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OCEAN WILSONS HOLDINGS LIMITED Quarterly Update Released : 11/11/2021 07:00:00 RNS Number : 9851R Ocean Wilsons Holdings Ltd 11 November 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 third quarter update for 2021 . Our Operations Ocean Wilsons Holdings Limited ( " Ocean Wilsons " , " the Company " ) is a Bermuda based investment holding company with two subsidiaries : Ocean Wilsons Investments Limited ( " OWIL " ) which manages a portfolio of international investments , and Wilson Sons Holdings Brazil S.A. ( " Wilson Sons " ) , which operates a maritime services and logistics company in Brazil . Wilson Sons ' Q321 Financial Results Group revenue for the quarter ended 30 September 2021 , at US $ 104.0 million , was 18.0 % higher than the comparative period ( 2020 : US $ 88.1 million ) principally due to strong towage volumes and growth in logistics and container terminals over the previous year . In BRL terms revenue was 9.6 % higher than prior year . The average USD / BRL exchange rate in the period at R $ 5.23 was 2.8 % lower than the comparative period ( 2020 : R $ 5.38 ) . Container terminal revenue for the quarter was 12.6 % higher than prior year at US $ 36.6 million ( 2020 : US $ 32.5 million ) mainly due to increases in warehousing and other services . Total containers moved declined 7.4 % at 258,400 TEUS ( 2020 : 279,100 TEUs ) as the impact of global container availability and delays in off - loading cargo continue to challenge container volumes . Import volumes in the period improved but exports declined impacted by worldwide logistic bottlenecks and lack of empty containers . Towage revenue at US $ 53.2 million was 20.7 % higher than the third quarter of 2020 ( US $ 44.1 million ) due to an improved average revenue per manoeuvre and revenue from special operations . Wilson Sons ' EBITDA for the third quarter , at US $ 44.9 million , was 17.9 % higher than prior year ( 2020 : US $ 38.1 million ) and for the nine months ended 30 September 2021 was 16.2 % higher at US $ 129.8 million ( 2020 : US $ 111.7 million ) . Wilson Sons ' profit after tax for the third quarter of US $ 6.6 million was US $ 3.6 million lower than the comparative period in 2020 ( US $ 10.2 million ) and for the nine months ended 30 September 2021 was US $ 22.1 million higher at US $ 34.2 million ( 2020 : US $ 12.1 million ) , principally due to improved operating results coming out of the pandemic and improved impact of foreign exchange rates over 2020 . On 10 November 2021 , Wilson Sons announced to the São Paulo Stock Exchange its results for the third quarter ended 30 September 2021. The full announcement is available on the Wilson Sons website ( www.wilsonsons.com.br ) and at the Brazilian stock exchange website . The CEO of Wilson Sons Limited operations in Brazil , Fernando Salek , stated : " In October , we commenced a new stage for the Company with the listing on the Novo Mercado of B3 reinforcing our commitment to the best governance practices and value creation for all our stakeholders . Wilson Sons 3Q21 EBITDA of US $ 129.8 million was an increase of 16.2 % over 3Q20 ( US $ 111.7 million ) with strong operating revenue .