Maersk Surpasses Profit Expectations Amid Global Trade Tensions
A.P. Moller-Maersk announced a significant rise in first-quarter operating profit, surpassing forecasts and maintaining its full-year profit outlook, despite global trade uncertainties. This growth is attributed to enhanced operational efficiency and a resilient global economy. The company reported a 70% year-on-year rise in EBITDA.
A.P. Moller-Maersk, a major player in the shipping industry, has announced first-quarter operating profits that exceeded projections, aligning with its steady full-year profit forecast.
CEO Vincent Clerc attributed the robust results to improvements in operational efficiency, along with a favorable global economic environment. However, he noted the re-emerging prominence of global supply chains amid rising trade tensions and uncertainties.
Maersk's EBITDA saw a significant year-on-year increase of 70%, reaching $2.71 billion, surpassing the $2.57 billion anticipated by experts. Despite ongoing uncertainties, the company maintains its EBITDA expectations for the year between $6 billion and $9 billion.
(With inputs from agencies.)
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