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AP Moeller - Maersk A/S
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AP Moeller - Maersk A/S
Investor Relations

AP Møller - Maersk is one of the world’s largest container shipping and logistics companies. It moves goods across oceans in standardized containers and also helps customers manage inland transport, warehousing, customs, and supply chain paperwork. Its main customers are companies that import or export physical products, from consumer goods makers to retailers and industrial manufacturers. Maersk makes money mainly by charging freight rates for shipping containers and fees for logistics services such as transport coordination, terminal handling, and supply chain management. In plain terms, it sits in the middle of global trade and gets paid each time it moves a box, handles cargo at a port, or arranges part of a customer’s delivery chain. What sets Maersk apart is that it combines ocean shipping with a broad logistics network, so it can offer customers a more connected end-to-end service than a pure shipping line. That makes it especially useful for large shippers that want one partner to move goods from factory to port, across the sea, and on to final delivery.

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Letzter Earnings Call
Geschäftsperiode
Q3 2024
Datum des Calls
31. Okt 2024
KI-Zusammenfassung
Q3 2024

Strong Quarter: Maersk delivered a significant uptick in Q3 2024 performance, with EBITDA of $4.8 billion and EBIT of $3.3 billion, both increasing sequentially and year-on-year.

Guidance Raised: Full-year 2024 EBIT guidance was increased to $5.2–$5.7 billion and free cash flow to at least $3 billion, reflecting robust market demand and Q3 outperformance.

Ocean Segment Strength: The Ocean segment saw high freight rates and volumes, with EBIT of $2.8 billion and EBIT margin of 25.5%. Contracted volumes rose, with 75% now under contract.

Logistics Momentum: Logistics & Services showed double-digit organic revenue growth (11%) and an EBIT margin recovery to 5.1%, with further improvement toward a 6% target expected.

Terminal Resilience: Terminal business delivered record revenue ($1.2 billion, up 18% YoY) and an EBIT margin of 28.6%. ROIC reached 13%, above the 9% target.

Gemini Network Launch: Preparation for the Gemini network is underway, aiming for a 90% reliability target and improved asset utilization, with transition expected in early 2025.

Cash Position: Free cash flow strengthened to $2.7 billion, up from negative $124 million last year. Net cash stands at $5.6 billion.

Buyback on Hold: Share buybacks remain suspended pending greater visibility on Ocean market conditions and 2025 outlook.

Wichtige Finanzkennzahlen
EBITDA
$4.8 billion
EBIT
$3.3 billion
Net Result
$3.1 billion
Free Cash Flow
$2.7 billion
Total Cash and Deposits
$22.3 billion
Net Cash Position
$5.6 billion
Cash Flow from Operations
$4.3 billion
Cash Conversion
89%
CapEx
$940 million
Ocean Segment EBIT
$2.8 billion
Ocean EBIT Margin
25.5%
Average Loaded Freight Rate
$3,236 per FFE
Utilization (Ocean)
96%
Contract Volumes (Ocean)
75% of Q3 volumes
Logistics & Services Revenue Growth
11% YoY
Logistics & Services EBIT
$900 million
Logistics & Services EBIT Margin
5.1%
Revenue Managed By (Logistics)
$624 million
Lead Logistics EBITA Margin
24.2%
Fulfilled By Revenue
$1.4 billion
Fulfilled By EBITA Margin
-4.5%
Transported By Revenue
$1.9 billion
Transported By EBITA Margin
8.4%
Terminals Revenue
$1.2 billion
Terminal EBIT Margin
28.6%
Terminal ROIC
13%
Terminal EBITDA
$424 million
Terminal EBITDA Margin
35.8%
Weitere Earnings Calls

Geschäftsleitung

Mr. Vincent Clerc
CEO & Member of Management Board
Keine Biografie verfügbar
Mr. Patrick Jany
Executive VP, CFO & Member of Executive Board
Keine Biografie verfügbar
Mr. Navneet Kapoor
Executive VP, Chief Technology & Information Officer and Member of Executive Board
Keine Biografie verfügbar
Ms. Rabab Boulos
Executive VP & COO
Keine Biografie verfügbar
Ms. Sarah Spray
Head of Investor Relations
Keine Biografie verfügbar
Jesper Lov
Head of Media Relations
Keine Biografie verfügbar
Ms. Susana Elvira
Executive VP & Chief People Officer
Keine Biografie verfügbar
Mr. Lars-Erik Brenoe
Executive Vice President
Keine Biografie verfügbar
Ms. Louise Munter
Head of Corporate Communication - Energy division
Keine Biografie verfügbar
Ms. Caroline Pontoppidan
Executive VP & Chief Corporate Affairs Officer
Keine Biografie verfügbar

Kontakt

Adresse
KOEBENHAVN K
Esplanaden 50
Kontakt
+4533633363.0
www.maersk.com
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