News / Maersk expects profit hike on strong demand and Red Sea crisis

Photo: Maersk

AP Møller-Maersk has raised its full-year earnings guidance amid “strong container market demand”.  

The Danish carrier said “on the back of strong third-quarter results combined with strong container market demand and the continuation of the Red Sea situation” it has upped its full-year ebitda forecast to between $11bn and $11.5bn.  

This is up from its previous estimate of between $9bn and $11bn.  

Maersk also raised its predicted ebit to sit between $5.2bn-$5.7bn from $3bn-$5bn. 

Its free cash flow is expected to ...