Maersk optimism may just be to 'keep their spirits (and share price) up'
Maersk’s bullish full-year profit expectation has surprised stakeholders amid the heightened market uncertainty – but ...
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It was a somewhat phlegmatic CEO Vincent Clerc addressing analysts at yesterday’s first-quarter Maersk earnings call. Some parts of the business had performed well – take a bow, APM Terminals – while others still had ground to make up – the EBIT margin in Logistics & Services was 4.1%, still stubbornly below the targeted 6% but way better than the measly 1.5% achieved this time last year.
It probably doesn’t matter that much at the moment because these are relatively small ...
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