May 7 (Reuters) - AP Moeller - Maersk A/S MAERSKb.CO:
MAINTAINS ITS FULL-YEAR 2026 FINANCIAL GUIDANCE
OCEAN’S RESULTS WERE MOSTLY IMPACTED BY CONTINUED PRESSURE FROM LOWER LOADED FREIGHT RATES BY 14%, LEADING TO EBIT OF NEGATIVE USD 192 MILLION
LOGISTICS SERVICES’ BUSINESS PERFORMANCE CONTINUED TO IMPROVE WITH REVENUE UP BY 8.7% AND EBIT UP BY 22%, REACHING AN EBIT MARGIN OF 4.6%
FREE CASH FLOW OF NEGATIVE USD 874M (POSITIVE USD 806M) DECLINED DUE TO LOWER CASH FLOW FROM OPERATING ACTIVITIES
Q1 REVENUE $12,970 MILLION
Q1 EBITDA $1,753 MILLION
Q1 EBIT $340 MILLION
MIDDLE EAST CONFLICT HAD LIMITED IMPACT ON THE QUARTER'S REALISED FINANCIAL RESULTS
MIDDLE EAST ONFLICT REPRESENTS ANOTHER WAKE-UP CALL TO DEPLOY NEW TOOLS TO MAKE SUPPLY CHAINS MORE RESILIENT
MIDDLE EAST ONFLICT REPRESENTS ANOTHER WAKE-UP CALL TO DEVELOP NEW STRATEGIES TO MITIGATE FUTURE DISRUPTION
OCEAN: VOLUMES INCREASED BY 9.3%, DRIVEN BY ASIAN EXPORTS; HOWEVER, 14% DECLINE IN THE AVERAGE LOADED FREIGHT RATE
Source text: ID:nGNE5fFcYN
Further company coverage: [MAERSKb.CO]
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