Comment / Five years on: Mærsk still defending the indefensible

ID 137527919 © Motortion | Dreamstime.com

Previously done here with Premium’s first reaction to AP Møller-Mærsk’s (APMM) interims, it’s crystal clear to everybody in our marketplace that the Danish carrier’s Q1 24 update out today, 2 May, was just barely decent…

… despite a low end of guidance for 2024 group Ebit that was materially upgraded from -$5bn to -$2bn.

(The high end of range, unfortunately, is still $0bn.)

Yet, APMM is buying time, in my view inconceivably highlighting a “positive start” to the year in the investor pack.

Also, ...