COPENHAGEN: Shipping group AP Moller-Maersk today reported second-quarter (Q2) operating profit above expectations and raised its full-year profit forecast.
“Even with market volatility and historical uncertainty in global trade, demand remained resilient, and we’ve continued to respond with speed and flexibility,” CEO Vincent Clerc said in a statement.
Maersk now expects underlying earnings before interest, tax, depreciation and amortisation (Ebitda) this year of between US$8 billion and US$9.5 billion, compared with its previous guidance of between US$6 billion and US$9 billion.
Maersk said Ebitda rose 7% year-on-year in Q2 to US$2.3 billion, compared with US$1.98 billion expected by analysts.
Sales rose 3% year-on-year to US$13.1 billion between April and June, compared with US$12.61 billion expected by analysts in a company-compiled poll.