The company will publish its full second quarter interim results on 7 August.
Copenhagen, Denmark: Based on preliminary figures, A.P. Møller – Mærsk A/S (APMM) reports an unaudited revenue of USD 12.8bn, underlying EBITDA of USD 2.1bn and underlying EBIT of USD 756m (reported EBIT of USD 963m) for Q2 2024.
Supply chain disruption
Due to the continued supply chain disruption caused by the situation in the Red Sea, which is now expected to continue at least until the end of 2024, coupled with robust container market demand, the Danish shipping company has upgraded its full-year 2024 guidance.
Free cash flow
Maersk now expects underlying EBITDA of US$9 to 11 billion and EBIT of US$3 to 5 billion (previously US$7 to 9 billion and US$1 to 3 billion, respectively), and free cash flow of at least US$2 billion (previously at least US$1 billion).
Red Sea situation
The outlook for the global container market volume growth for the full-year 2024 has been revised up to 4-6% (previously towards the upper end of 2.5-4.5%).
“Trading conditions remain subject to higher than normal volatility given the unpredictability of the Red Sea situation and the lack of clarity of supply and demand in the fourth quarter,” said Maersk in a statement.
The company will publish its full second quarter interim results on 7 August.
About Maersk
A.P. Moller – Maersk is an integrated logistics company working to connect and simplify its customers’ supply chains. As a global leader in logistics services, the company operates in more than 130 countries and employs around 100,000 people. Maersk is aiming to reach net zero emissions by 2040 across the entire business with new technologies, new vessels, and green fuels.
