Maersk's revenue in the quarter exceeded $ 14 billion
According to preliminary data, the revenue of the Danish container and logistics holding Maersk amounted to USD 14.2 billion for the quarter.
The operating profit EBITDA is estimated at 5.1 billion US dollars, EBIT 4.1 billion US dollars.
The world's largest container line is going to publish its half-year and second-quarter results later this week. Today's notice reveals that the Ocean division, which includes the group's ocean-going liner carriers and APM Terminals' strategic hubs, grew 15% YoY last quarter, while average freight rates were 59% better than last year.
Maersk said it expects the "exceptional market situation" to continue at least until the end of the year. According to new estimates, demand on the global market this year will grow by 6-8%. Earlier Maersk had forecast 5-7% growth.
The analysts of the group believe that profit in the next quarter will be even higher than in the previous one. The annual forecast for 2021 has been revised upward: Underlying EBITDA is now expected to be in the range of USD 18-19.5 billion (previously the operator had forecast an operating profit of USD 13-15 billion), and Underlying EBIT is expected to be in the range of USD 14-15.5 billion. USA (previously - USD 9-11 billion).