Financial Reports

A.P. Moller - Maersk saw a sequential ramp-up in earnings in the second quarter of 2024 with EBIT margin reaching 7.5% vs. 1.4% in the first quarter. Strong container demand in a market of supply chain disruptions and continued cost control contributed to the momentum. Full-year 2024 guidance range has been further raised.

A.P. Moller - Maersk delivered a first quarter in line with expectations, showing a strong recovery in earnings compared to the fourth quarter of 2023. Results were driven by a good performance in Terminals and the combination of higher demand and a prolonged Red Sea crisis. As these conditions are expected to continue well into the second half of the year, Maersk lifts the lower end of its guidance range and now expects underlying EBITDA at USD 4.0 to 6.0bn and underlying EBIT at USD -2.0 to 0.0bn.

2023 financial guidance achieved with underlying EBITDA of USD 9.8bn. Given significant oversupply challenges and increased uncertainty, Maersk expects for the full-year of 2024 underlying EBITDA between USD 1.0bn and 6.0bn. Prudent capital allocation and continued focus on integrator strategy with 2023 dividend proposed at DKK515/share, suspension of share buy-back programme and initiation of demerger of towage business Svitzer.