Financial Report Highlight
The APMM first quarter 2023 results were in line with expectations. Continued destocking and easing of congestions implied lower volumes across all segments. Revenue declined by 26% to USD 14.2bn from USD 19.3bn. EBITDA decreased to USD 4.0bn from USD 9.1bn, and EBIT to USD 2.3bn from USD 7.3bn. The full-year guidance remains unchanged, with Q1 expected to be the strongest quarter of the year.
