Comment / On the wires: AP Møller-Mærsk – dinosaur extinction postponed

“AP Møller-Mærsk expects to take a restructuring charge of around $100m in Q3 20 related to the redundancies of approx 2,000 employees as the consequence of the changes to the organisation in Ocean and Logistics & Services (…). Given the result in Q3 and the current earnings momentum we see across the businesses, the full year 2020 ebitda is now expected to be in the range of $7.5-8bn, before restructuring and integration costs (previously $6-7bn). All other parameters of our guidance ...