AP Moeller-Maersk Q2 Rev. $21.7B – Internet Cloning

AP Moeller-Maersk Q2 Rev. $21.7B – Internet Cloning

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In this article, you will get all the information regarding AP Moeller-Maersk Q2 Rev. $21.7B – Internet Cloning

By Dominic Hacking

AP Moeller-Maersk AS on Tuesday raised full-year guidance as freight rates continue to rise amid tight global supply chains.

The Danish shipping giant said it now sees underlying earnings before interest, taxes, depreciation and amortization of around $37 billion versus a previous forecast of around $30 billion, while underlying earnings before interest and taxes are now around $31 billion US dollars from previously around 24 billion US dollars.

“The congestion in global supply chains, leading to higher freight rates, is lasting longer than initially anticipated,” the company said.

Full-year 2022 free cash flow is now expected to be in excess of $24 billion compared to the previous guidance of more than $19 billion, while cumulative 2022-2023 capital expenditures remain at $9.0-10.0 billion US dollars will lie.

Ahead of second-quarter earnings Wednesday, Maersk said revenue for the quarter rose to $21.7 billion, adjusted Ebitda to $10.3 billion and adjusted EBIT to $8.9 billion. Dollar.

A consensus compiled by the company had reported revenue of $19.7 billion, underlying Ebitda of $8.19 billion and underlying EBIT of $7.08 billion for the second quarter.

Maersk expects conditions in its main shipping unit to normalize in the fourth quarter of 2022, following normalization earlier in the second half of 2022.

Write to Dominic Chopping at dominic.chopping@wsj.com

https://www.marketwatch.com/story/a-p-moeller-maersk-2q-rev-21-7b-271659422750?rss=1&siteid=rss AP Moeller-Maersk Q2 Rev. $21.7B

AP Moeller-Maersk Q2 Rev. $21.7B – Internet Cloning

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