Readying for Europe's earnings season – 'it's all about guidance'
And even that needs a bit of help…
Maersk enjoyed a “robust” second quarter, boosted by lower unit costs, but the shipping and logistics group is now sailing in, at best, breakeven waters.
Indeed, notwithstanding raising the lower end of its full-year guidance from an ebit of $2bn to $3.5bn and having already achieved an ebit of $3.9bn after six months, the outlook is for a run of potentially negative quarters.
“The Q2 result contributed to a strong first half of the year, where we responded to sharp changes in ...
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