Maersk climbs on profit beat, outlook hike

AP Moeller - Maersk A/S

13/08/2026 08:11

** Shares in Maersk MAERSKb.CO rise 7% after the Danish container shipping group beat Q2 forecasts and raised its full-year earnings guidance for a second time this year
** Q2 underlying EBITDA came in at $3 billion, around 40% above consensus expectations, as the Middle East conflict and strong demand pushed freight rates higher
** J.P. Morgan says ocean freight rates rose 32% quarter-on-quarter, while volumes increased 4% year-on-year
** The upgraded outlook reflects the recent increase in freight rates, the brokerage adds
** J.P. Morgan expected shares to react positively to the stronger-than-expected Q2 and higher guidance, though it said the lack of an increase to the existing share buyback could slightly disappoint some investors

(Reporting by Tomasz Kanik)
((tomasz.kanik@thomsonreuters.com))