10.6 C
Hamburg
Sunday, April 14, 2024
Home Most Visited Maersk raises annual forecast

Maersk raises annual forecast

A.P. Møller - Mærsk (APMM) has revised its full-year guidance for 2021 with an underlying EBITDA now expected in the range of US$22-23 billion and underlying EBIT expected in the range of US$18-19 billion, while previous expected EBITDA and EBIT were in the range of US$18-19.5 billion and US$14-15.5 billion, respectively.

"Given the persistent congestions and bottlenecks in the supply chains, APMM now expects the second half-year 2021 to be stronger than previously anticipated, both Q3 and the full year 2021," said the Danish carrier.

APMM now expects for Q3 2021 an underlying EBITDA close to US$ 7 billion and an underlying EBIT close to US6 billion.

The strong result is driven by the continuation of the exceptional market situation within Ocean, which has led to further increases in both long- and short-term container freight rates, according to the company.

Meanwhile, the free cash flow (FCF) for the full-year 2021 is now expected to be minimum US$14.5 billion, increased by US$3 billion compared to the previous expectation, while the cumulative capital expenditure (CAPEX) guidance for 2021-22 is unchanged at approximately US$7 billion.

"The current guidance is still subject to uncertainty due to a higher than normal volatility given the temporary nature of both the demand patterns and disruptions in the supply chains," noted APMM, which will publish its third-quarter interim result on 2 November.





Antonis Karamalegkos
Managing Editor

Latest Posts

NYK pioneers truck-to-ship fuel ammonia bunkering

At the Sea Japan 2024 event, NYK announced its plans to supply fuel ammonia at the end of May to an upcoming NYK-owned ammonia-fueled...

Vitesco Technologies and DHL form strategic partnership

Vitesco Technologies established a strategic partnership with DHL Supply Chain, where DHL serves as the Lead Logistics Partner (LLP). Commencing in March, DHL will centrally...

Gebrüder Weiss establishes central IT and logistics hub near Austria’s freight terminal

Gebrüder Weiss, a globally operating full-service logistics provider, is setting up a central location for IT and logistics near Wolfurt's freight terminal, ensuring the...

Maersk restructures Europe-West Africa service network

Danish ocean carrier Maersk has announced changes in its Europe-West Africa service network, which will take effect from the 17th week of the year. The...

Carriers spot bargaining room for India-Middle East cargo as Red Sea gains fade

India-Persian Gulf trades seem to be a glaring exception for container lines, as they are rapidly losing the pricing steam they have had from...