Maersk (MAERSKB DC) Q1 (USD) Revenue 12.36bln (exp. 12.26bln). EBIT 177mln (exp. 165.4mln). EBITDA 1.59bln (exp 1.56bln). Ocean Revenue 8.01bln (exp. 7.57bln). Sees FY global container trade at the high end of +2.5-4.5% range

• Now sees underlying EBITDA in range of USD 4-6bln (prev. 1-6bln).


• Still expects overcapacity to prevail which implies lower rates during H2.


• On Red Sea, says plans are made for current rerouting south of Cape of Good Hope to be extended potentially for remainder of the year.


• Start of 2024 has been significantly impacted by the ongoing situation in the red sea/Gulf of Aden.


• "We have had a positive start to year with a Q1 developing precisely as we expected."


• "We still anticipate high number of new vessels being delivered during this and next year to eventually offset these factors and put ocean markets under renewed pressure."


• "Demand is trending towards higher end of our market growth guidance and conditions in red sea remain entrenched."

Via Maersk

02 May 2024 - 06:59- Important- Source: Newswires