A.P. Møller – Mærsk A/S, a leading integrated logistics company based in Copenhagen, Denmark, has released its trading update for the third quarter of 2024. According to preliminary unaudited figures, the company reported a revenue of USD 15.8 billion, underlying EBITDA of USD 4.8 billion, and underlying EBIT of USD 3.3 billion (reported: USD 3.3 billion) for Q3 2024.
The strong performance in the third quarter, combined with robust container market demand and the ongoing Red Sea situation, has led APMM to upgrade its full-year guidance for 2024. The company now expects underlying EBITDA in the range of USD 11.0 to 11.5 billion and EBIT of USD 5.2 to 5.7 billion (previously USD 9 to 11 billion and USD 3 to 5 billion, respectively). Additionally, APMM anticipates free cash flow of at least USD 3 billion, up from the previous guidance of at least USD 2 billion.
Furthermore, the global container market volume growth outlook for the full year 2024 has been revised to around 6%, compared to the previous range of 4-6%. These positive developments reflect the company’s strong performance and the favorable market conditions it operates in.
A.P. Møller – Mærsk A/S is set to publish its full Q3 interim results on 31 October 2024, providing more detailed insights into its financial performance and operational highlights for the quarter.
About Maersk:
Maersk is a global leader in logistics services, operating in over 130 countries and employing approximately 100,000 people worldwide. The company is committed to connecting and simplifying its customers’ supply chains, aiming to reach net zero emissions by 2040. Maersk is investing in new technologies, new vessels, and low-emission fuels to achieve this ambitious sustainability goal.
For more information on A.P. Møller – Mærsk A/S and its latest trading update, please contact the company directly.