Maersk: Q2 EBITDA up 17%

(CercleFinance.com) - The Maersk B share is up 0.
4% on the OMX after lunch, after the group published Q2 EBITDA that is up 17% at 1.4 billion dollars, representing a 2-point improvement in its margin at 14.1%, for revenues that are flat at 9.6 billion dollars.

The shipping giant says that it has first and foremost benefited from the performance of its ocean activities, "with an increase in average freight rates of 1.5%, a volume increase of 1.4% and unchanged total costs".

Hence posting H1 EBITDA that is up at 2.6 billion dollars, the Danish group confirms that it expects FY 2019 EBITDA of around five billion dollars, although "The guidance continues to be subject to con siderable uncertainties."


Copyright (c) 2019 CercleFinance.com. All rights reserved.