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13.02.2018

Daily
Artikel Nummer: 22021

Maersk trusts the market


get link 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.

 

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.”

 

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

www.maerskline.com

 

 

 

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