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13.02.2018

Daily
Artikel Nummer: 22021

Maersk trusts the market


A.P. Moller – Maersk has tabled its 2017 results. The conglomerate made USD 356 million in underlying profit for its continuing operations, a change of 172% when compared with its 2016 loss. The transport and logistics business contributed USD 1 billion - "in line with guidance", as the group put it.

 

Revenue grew by 13% to around USD 30.9 billion, and the group drove up its ebitda to USD 3.5 billion (2016: USD 2.5 billion). The 11.4% ebitda margin (2016: 9.1%) reflects the group’s increased profitability after its weak 2016.

 

go to site While CEO Soren Skou expressed confidence in the growing global transport and logistics market, Jim Hagemann Snabe, chairman of A.P. Møller - Mærsk, insisted that: "Future growth will be based on organic growth in the individual transport and logistics businesses, combined with targeted acquisitions.”

 

As a point of interest, Hamburg Süd was acquired by the Danish giant in December 2017. (cd)

www.maerskline.com

 

 

 

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