News / Gemini and logistics growth now the focus as APMM posts healthy profits

Photo: APM Terminals

Strong freight rates and resilient container shipping volumes for most of last year delivered healthy profits to the AP Møller-Maersk group, while its emerging logistics arm also began to make progress.

The company posted full-year revenue of $55.5bn, an 8.6% increase on 2023, while its EBIT nearly doubled, to reach $6.5bn, representing an EBIT margin of 11.5%, compared with 2023’s 7.8% and EBIT of $3.9bn.

Once again, its ocean liner business dominated group returns – freight shipping generated just under $37.4bn, with ...