Conf call redux: Mærsk has a plan, folks...
Time to crack on chaps
Here’s the latest news from AP Møller-Mærsk (APMM), released today @ 16.23 GMT after the market closed (Q3 ’20 results are due tomorrow):
Upgrading the full year EBITDA guidance for 2020
Based on the preliminary financial figures for October and the increased momentum in the fourth quarter in global container volumes and freight rates in its Ocean business, A.P. Møller – Mærsk A/S (APMM) now expects a full year 2020 EBITDA before restructuring and integration costs in the range of USD 8.0-8.5bn (previously USD 7.5-8.0bn).
APMM will publish its full Q3 interim result on 18 November 2020. The trading conditions and the outlook remain subject to a higher than normal volatility given the disruptions caused or potentially being caused by COVID-19.
Copenhagen, 17 November 2020
Contact persons:
Head of Investor Relations, Stig Frederiksen, tel. +45 3363 3106
Head of External Relations, Signe Wagner, tel. +45 3363 1901
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
FAK rate hikes holding, with strong demand into peak season predicted
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Ecommerce boom may be opening the doors for smugglers
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't chase that final dollar, warning to shippers delaying signing new contracts
Airfreight contracts begin to reflect threat of a Q4 capacity crunch
Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Comment on this article