A.P. Moller – Maersk delivered EBITDA and EBIT of USD 1.8bn and USD 340m, respectively, down on the previous year. These results came on the back of lower rates in Ocean, partly offset by strong volume growth across the segments. The Middle East conflict had limited impact on the quarter’s realised financial results.
CEO of A.P. Møller – Mærsk A/S, Vincent Clerc, states:
“We’ve seen strong demand across most regions this quarter, supporting robust volume growth in our three business segments. In Ocean in particular, market volatility remains high and industry oversupply continues to put pressure on rates. In this environment our disciplined focus on cost management contributes to resilient performance. At the same time our flexible Ocean network continues to prove its value as a true gamechanger, lowering our Ocean unit cost by 7% even as the Middle East conflict disrupted supply chains. At the same time, we continue to see profitability momentum in Terminals and most parts of Logistics & Services. This performance strengthens our competitiveness and our ability to support customers reliably through continued uncertainty in the global environment.”
