Analysis: DSV CEO Jens Lund at a crossroads – next deal, please!
On borrowed time
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’To do nothing is the hardest job of all.’
(Remember that)
The good news first. There’s plenty.
As disclosed today further down the cash flow statements, in the first quarter (Q1 26) – which, make no mistake, was always meant to be underwhelming to a great extent – AP Møller-Mærsk (APMM) generated $1bn of operating cash flow.
(Sound, operationally, despite falling freight rates: -14% on average year on year)
Revenues were little changed, down to nearly $13bn in the three months to 31 March, from ...
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