A.P. Moller - Maersk expects an underlying profit above 2016 (USD 711m). Gross capital expenditure for 2017 is expected to be USD 5.5-6.5bn (USD 5.0bn).
The Transport & Logistics division expects an underlying profit above USD 1bn.
Due to gradual improvements in container rates Maersk Line expects an improvement in excess of USD 1bn in underlying profit compared to 2016 (loss of USD 384m).
Global demand for seaborne container transportation is expected to increase 2-4%.
The remaining businesses (APM Terminals, Damco, Svitzer and Maersk Container Industry) in the Transport & Logistics division expect an underlying profit around 2016 (USD 500m).
The Energy division expects an underlying profit around USD 0.5bn, with Maersk Oil being the main contributor.
The entitlement production is expected at a level of 215,000-225,000 boepd (313,000 boepd) for the full-year and around 150,000-160,000 boepd for the second half of the year after exit from Qatar mid-July. Exploration costs in Maersk Oil are expected to be around the 2016 level (USD 223m).
Net financial expenses for A.P. Moller – Maersk are expected around USD 0.5bn.
The guidance for 2017 excludes the acquisition of Hamburg Süd.
All figures in parenthesis refer to full-year 2016.