AP Møller – Mærsk Increase in second quarter net profit


(RTTNews) – AP Møller – Mærsk A / S (AMKAF.PK, AMKBF.PK) said its quarterly financial results remain strong, with record revenues, EBITDA and EBIT for the second quarter in the ocean, the logistics and services, and the Terminals and Towing segments. The results benefited both from the exceptional circumstances in Ocean and from the progress of the implementation of the strategic transformation. The company expects third quarter profits to exceed the 2021 second quarter level.

“The outlook for the third quarter is strong and we expect Ocean’s current momentum to continue into the fourth quarter, which will also benefit our terminals business. Logistics and services will continue to grow strongly for the rest of the year, ”said CEO Søren Skou said.

For the second quarter, the net profit share of AP Møller – Mærsk A / S was $ 3.71 billion, compared to $ 427 million last year. EBIT was $ 4.1 billion, up more than five times. Underlying profit was $ 3.73 billion from $ 359 million a year ago. Revenue increased nearly 60% to $ 14.2 billion, mainly due to a $ 4.5 billion increase in Ocean.

As previously announced, the company raised its guidance for 2021 to underlying EBITDA of $ 18.0 billion to $ 19.5 billion, and EBIT of $ 14.0 billion to $ 15.5 billion.

AP Møller – Mærsk also announced the acquisition of Visible Supply Chain Management and B2C Europe. The company said these two companies will further accelerate its logistics growth, particularly in e-commerce, by adding technologies and last-mile delivery capabilities for customers in the United States and Europe.

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