RSS   Newsletter   Contact   Advertise with us
Post Online Media
A.P. Moller - Maersk   Q2 was mainly driven by a profitable Maersk Line

A.P. Moller - Maersk improves Q2 underlying profit

A.P. Moller - MaerskIn Q2, the revenue of A. P. Moller - Maersk grew by 8.4% to $9.6bn year on year, mainly due to higher freight rates in Maersk Line.

The underlying profit in Q2 improved from $134m to $389m with Maersk Line contributing with an underlying profit of $327m.

Article continues below

READ MORE Maersk profit up 16% on higher oil prices

As a result of post-tax impairments of $732m related to Maersk Tankers and APM Terminals, the reported result was a loss of $264m.

The performance of A.P. Moller - Maersk in Q2 was mainly driven by a profitable Maersk Line due to continued recovery in the container market and focus on restoration of profitability.

Full-year guidance is reiterated for 2017, despite an expected negative financial impact of $200–300m in Q3 from the recent cyber-attack.

Transport & Logistics reported a consolidated revenue of $7.7bn, which was an increase of 15% compared to same quarter last year, and an underlying profit of $442m which was improved significantly, in large part driven by higher container freight rates.

Energy delivered an underlying profit of $182m in Q2, with Maersk Oil as the main contributor.




What to read next



 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy