A.P. Moller - Maersk expects earnings before interest, tax, depreciation and amortization (EBITDA) of around USD 5.0bn when including the effects from IFRS 16, and around USD 4.0bn when excluding the effects from IFRS 16. From Q1 2019, guidance for EBITDA will be based on IFRS 16.
The organic volume growth in Ocean is expected to be in line with the estimated average market. Guidance for 2019 growth of 1-3% for 2019. Guidance on gross capital expenditure (CAPEX) is around USD 2.2bn and a high cash conversion (cash flow from operations compared with EBITDA).
Maersk’s guidance for 2019 is subject to considerable uncertainties due to the current risk of further restrictions on global trade and other factors impacting container freight rates, bunker prices and foreign rate of exchange.