Maersk: share up after Q3 results

(CercleFinance.com) - The Maersk B share is up 3% on the OMX on Friday morning, after the group published Q3 2019 EBITDA that is up 14% at 1.
7 billion dollars, meaning a 2.2-point improvement in its corresponding margin, to 16.5%, for revenues that are down 0.9% at 10.1 billion dollars.

"While the global container demand, as expected, was lower in Q3 due to weaker growth in the global economy, A.P. Moller - Maersk continued to improve the operating results," said Søren Skou, CEO of the Danish maritime transport giant.

"We delivered strong free cash flow and a return on invested capital of 6.4% as a result of strong operational performance in Ocean, higher margins in Terminals and solid earnings progress in Logistics & Services," he added.


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