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    MAERSK B   DK0010244508

A.P. MØLLER - MÆRSK A/S

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Maersk quarterly earnings beat expectations

01/14/2022 | 10:00am EDT
Crew members look out from the MV Maersk Mc-Kinney Moller, as it berths during its maiden port of call at a PSA International port terminal in Singapore

COPENHAGEN (Reuters) - Shipping group Maersk on Friday posted better than expected fourth-quarter revenue and earnings, fuelled by record freight rates for container shipping.

A fall in ocean-going container volumes by 4% in the last three months of the year was more than offset by freight rates improving 80% compared with a year earlier.

"The strong result in the quarter reflects the continuation of the exceptional market situation within (the) Ocean (division) caused by global disruptions to supply chains, which have led to further increase in container freight rates," Maersk said in a statement.

Underlying earnings before interest, tax, depreciation and amortization (EBITDA) totalled $8 billion, above guidance given by the company in November and the $7 billion expected by analysts in a Refinitiv poll.

Revenue stood at $18.5 billion, against $17.5 billion expected by analysts.

The company will publish full financial results on Feb. 9.

(Reporting by Jacob Gronholt-Pedersen; Editing by David Goodman)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
A.P. MØLLER - MÆRSK A/S 6.13% 20700 Delayed Quote.-16.82%
ON SEMICONDUCTOR CORPORATION 0.70% 56.46 Delayed Quote.-16.87%
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Financials (USD)
Sales 2022 76 042 M - -
Net income 2022 23 527 M - -
Net cash 2022 8 246 M - -
P/E ratio 2022 2,28x
Yield 2022 17,6%
Capitalization 53 938 M 53 938 M -
EV / Sales 2022 0,60x
EV / Sales 2023 0,72x
Nbr of Employees 95 000
Free-Float 42,2%
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A.P. Møller - Mærsk A/S Technical Analysis Chart | MAERSK B | DK0010244508 | MarketScreener
Technical analysis trends A.P. MØLLER - MÆRSK A/S
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 2 933,87 $
Average target price 3 627,47 $
Spread / Average Target 23,6%
EPS Revisions
Managers and Directors
Søren Skou Chief Executive & Operating Officer
Patrick Jany Chief Financial Officer & Executive Vice President
Robert Mærsk Uggla Chairman
Navneet Kapoor EVP, Chief Technology & Information Officer
Sven Arne Karlsson Independent Director