A.P. Møller - Mærsk A/S Enhances Full-Year Outlook for 2024
A.P. Møller - Mærsk A/S Q3 2024 Trading Update
A.P. Møller - Mærsk A/S, known as APMM, has recently published its preliminary trading results for the third quarter of 2024, and the figures reflect a solid performance. The company reported impressive revenues amounting to USD 15.8 billion for the quarter. When examining underlying earnings, it showcases an EBITDA of USD 4.8 billion and an EBIT of USD 3.3 billion. This consistent revenue generation highlights APMM's resilience in the challenging and dynamic shipping industry.
Revised Full-Year Guidance for 2024
Given the strong showing in Q3, APMM is adjusting its expectations for the full year of 2024. The company anticipates an underlying EBITDA in the range of USD 11.0 to 11.5 billion, a notable increase from its previous forecast of USD 9 to 11 billion. Additionally, the EBIT expectations have been raised to a new range of USD 5.2 to 5.7 billion, as opposed to the prior estimate of USD 3 to 5 billion. These adjustments are a reflection of powerful market demand and the ongoing impacts stemming from the situation in the Red Sea.
Positive Outlook for the Container Market
APMM is also optimistic about the global container market's growth trajectory. The outlook for volume growth in 2024 has been upgraded to around 6%, compared to the earlier estimate of 4-6%. This positive trend underscores the robust demand for shipping services and the company’s strategic positioning to capitalize on this growth.
Upcoming Full Quarterly Reporting
The full interim results for Q3 2024 will be officially published by A.P. Møller - Mærsk A/S on the 31st of October 2024. This release will provide stakeholders with a comprehensive view of the company’s performance and strategic direction moving forward.
Company Contact Information
If you have any inquiries, APMM's investor relations can be contacted. The Head of Investor Relations, Stefan Gruber, can be reached at +45 3363 3484. For media-related inquiries, please contact Jesper Løv, the Head of Media Relations, at +45 6114 1521.
Frequently Asked Questions
What were A.P. Møller - Mærsk A/S's Q3 2024 revenue figures?
The company reported a revenue of USD 15.8 billion for Q3 2024.
What is the revised EBITDA outlook for APMM in 2024?
APMM has revised its EBITDA outlook to USD 11.0 to 11.5 billion for the full year of 2024.
How has the EBIT forecast changed for A.P. Møller - Mærsk A/S?
The EBIT forecast has been increased to a range of USD 5.2 to 5.7 billion for 2024.
What is the company's outlook for global container market growth?
The outlook for the global container market growth for 2024 is now projected at approximately 6%.
When will APMM publish its full Q3 2024 interim results?
The company will publish its full Q3 2024 interim results on October 31, 2024.
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