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MAERSK A — AP Moeller - Maersk A/S News Story

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Brief: Maersk Q2 EBITDA $2,992 Mln, Beats Estimates

BRIEF-Maersk Q2 EBITDA $2,992 Mln, Beats Estimates

- AP Moeller - Maersk A/S MAERSKb.CO:

  • FROM PORTS TO INLAND TRANSPORTATION, WE ARE SEEING INCREASED CONGESTION AND DISRUPTION ACROSS MULTIPLE GEOGRAPHIES

  • MUST CONTINUE TO INVEST IN CRITICAL TRADE INFRASTRUCTURE AND SCALE

  • Q2 REVENUE $15,757 MILLION VERSUS IBES ESTIMATE $13,868 MILLION

  • Q2 EBITDA $2,992 MILLION VERSUS IBES ESTIMATE $1,943 MILLION

  • RESULTS WERE DRIVEN BY AN INCREASE IN OCEAN VOLUMES AND SPOT RATES, SUPPORTED BY STRONG MARKET DEMAND

  • HIGHER EARNINGS ALSO CONTRIBUTED TO FREE CASH FLOW OF USD 549M, UP ON THE PREVIOUS YEAR.

  • Q2 EBIT $1,571 MILLION

  • Q2 FREE CASH FLOW $549 MILLION

  • Q2 RESULTS BENEFITED FROM SIGNIFICANTLY HIGHER FREIGHT RATES AND IMPROVED VOLUMES ACROSS ALL SEGMENTS

  • OCEAN DELIVERED A ROBUST PERFORMANCE, WITH EBIT SIGNIFICANTLY HIGHER YEAR-ON-YEAR AND RETURNING TO POSITIVE TERRITORY SEQUENTIALLY

Source text: ID:nGNElbC3G

Further company coverage: [MAERSKb.CO]


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))

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