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AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
(Reaction: As widely expected – read this from 1 September – here comes another ‘one-off’ trading update from APMM ahead of results; the stock briefly spiked to Dkr20,570.00 before falling to Dkr19,840 and confirming that level later on. Previous record Dkr19,995 yesterday, our related ‘Bullseye’ coverage here. The stock closed at Dkr19,845 for the day, down 0.35%)
PRESS RELEASE
Trading update for Q3 2021 and 2021 full year guidance adjustment
ANNOUNCEMENT
Given the persistent congestions and bottlenecks in the supply chains, APMM now expects the second half year 2021 to be stronger than previously anticipated, both Q3 and the full year 2021. Consequently, the full year guidance for 2021 has been revised upwards with an underlying EBITDA now expected in the range of USD 22-23bn (previously 18-19.5bn) and underlying EBIT expected in the range of USD 18-19bn (previously USD 14-15.5bn).
The free cash flow (FCF) for the full-year 2021 is now expected to be minimum USD 14.5bn (previously minimum USD 11.5bn), while the cumulative CAPEX guidance for 2021-22 is unchanged of around USD 7bn.
The current guidance is still subject to uncertainty due to a higher than normal volatility given the temporary nature of both the demand patterns and disruptions in the supply chains.
APMM will publish its Q3 interim result on November 2nd 2021.
Copenhagen, 16 September 2021
Contact persons:
Head of Investor Relations, Stig Frederiksen, tel. +45 3363 3106
Head of External Relations, Signe Wagner, tel. +45 3363 1901
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