News / First-quarter performance delivers 42% increase in profits for Maersk

Maersk headquarters in Copenhagen

Despite Maersk saying it is not “where it needs to be”, the first quarter was certainly kind, with the carrier recording a 33% bounce in profits on the back of a 2.5% upturn in revenues.

Group revenue hit $9.5bn, generating $1.2bn in ebitda over the three months and, although it reported a group-wide net loss of $104m, chief executive Soren Skou told investors he was pleased with the performance.

“We have had a reasonably good start, continued to improve profitability and, while ...