A.P. Møller – Mærsk A/S (APMM) has announced a robust performance in its trading update for Q3 2024, reporting revenue of USD 15.8 billion and underlying EBITDA of USD 4.8 billion. The company’s underlying EBIT came in at USD 3.3 billion, aligning with its reported EBIT. These figures, based on preliminary and unaudited data, reflect the company’s solid financial health in a dynamic and often volatile shipping environment.
The strong performance in Q3 has prompted APMM to upgrade its full-year guidance for 2024. The company now anticipates an underlying EBITDA of USD 11.0 to 11.5 billion, up from its previous forecast of USD 9 to 11 billion. Similarly, the expected EBIT has been raised to a range of USD 5.2 to 5.7 billion, compared to the earlier projection of USD 3 to 5 billion. Free cash flow is now expected to reach at least USD 3 billion, an increase from the previously forecasted USD 2 billion.
Mærsk’s improved outlook for the remainder of the year is largely driven by strong demand in the container market and continued challenges in the Red Sea region, which has impacted global supply chains. The company also revised its expectations for global container market volume growth in 2024, projecting a 6% increase, up from the previously estimated 4-6%.
The company will release its full Q3 2024 interim results on 31 October 2024, providing a more detailed analysis of its financials and market position. This update follows a period of heightened activity in the container shipping sector, where Mærsk continues to play a pivotal role.
As the global logistics landscape remains unpredictable, Mærsk’s revised guidance underscores its resilience and ability to adapt to shifting market conditions. For businesses dependent on maritime trade and logistics, these results provide a glimpse into the continued strength of the container market as we approach the end of 2024.
