News / Maersk bins its 2020 financial guidance, due to impact of pandemic

Soren Skou

Despite its expectations of delivering a better first-quarter result than last year, Maersk said today it was suspending its guidance on full-year earnings as a result of the coronavirus outbreaks around the world.

It said the global pandemic was severely impacting global transport and supply chains, “leading to material uncertainties and lack of visibility”.

It added that while its global operations were “running as normal”, it had decided to suspend its 2020 guidance of an ebitda of around $5.5bn, “pending more clarity ...