Brief: Maersk Q2 EBITDA $2,992 Mln, Beats Estimates
BRIEF-Maersk Q2 EBITDA $2,992 Mln, Beats Estimates Aug 13 (Reuters) - 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]
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