𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 – 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟲, 𝟮𝟬𝟮𝟱 𝗛𝗼̈𝗲𝗴𝗵 𝗔𝘂𝘁𝗼𝗹𝗶𝗻𝗲𝗿𝘀 𝗔𝗦𝗔 I invested in Höegh Autoliners ASA (HAUTO), a company specialized in maritime transport of vehicles and heavy equipment. The company is still 36% controlled by the Höegh family, which aligns management with shareholders’ interests. Revenue growth remains solid, showing that demand for RoRo shipping is strong. The decline in net profit mainly comes from a very high comparison base in 2024, after an exceptional period for shipping. The company remains highly profitable with a comfortable net margin. Its strategy is clear: fleet modernization and a generous dividend policy (distributing almost all free cash flow). In summary, despite a normalization of profits compared to the 2024 peak, I see Höegh Autoliners as a solid long-term investment, combining profitability, high dividends, and a sustainable strategy backed by a strong family-owned structure. $NSDQ100 $SPX500 $HAUTO.OL ⚠️ Risk Disclaimer: 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘢 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺, 𝘯𝘰𝘵 𝘢 𝘤𝘰𝘯𝘴𝘶𝘮𝘦𝘳 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘩𝘦𝘵𝘩𝘦𝘳 𝘺𝘰𝘶 𝘢𝘱𝘱𝘭𝘺 𝘪𝘵 𝘰𝘳 𝘯𝘰𝘵 𝘪𝘴 𝘺𝘰𝘶𝘳 𝘤𝘩𝘰𝘪𝘤𝘦. 𝘗𝘢𝘴𝘵 𝘱𝘦𝘳𝘧𝘰𝘳𝘮𝘢𝘯𝘤𝘦 𝘪𝘴 𝘯𝘰 𝘨𝘶𝘢𝘳𝘢𝘯𝘵𝘦𝘦 𝘰𝘧 𝘧𝘶𝘵𝘶𝘳𝘦 𝘳𝘦𝘴𝘶𝘭𝘵𝘴.