Comment / On the wires: AP Møller-Maersk's bullish Q1 remarks? There is no place to hide

dreamstime

By Alessandro Pasetti

24/05/2019

“We had a good start to 2019. In Q1, revenue grew by 2.5%, operating earnings improved by 33% and cash flow from operations doubled to $1.5bn. With a strong free cash flow of $3.5bn after the sale of the remaining shares in Total SA, we have significantly strengthened our balance sheet. The net interest-bearing debt is reduced by $2.4bn since Q4 and by $7.1bn since Q1 2018.” – Søren Skou, CEO of AP Møller-Maersk (APMM).

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Topics

AP Moller - Maersk financial results On the wires trading update DP-DHL DSV Kuehne + Nagel

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