Container carrier A. P. Møller-Maersk reaped the benefits of improvements to its maritime transport network in the second quarter. Containers arrived on schedule more often and ships used less fuel. As a result, the group managed to control costs, while more containers were transported at higher prices.
A. P. Møller-Maersk therefore succeeded in increasing the operating result (ebidta) by 17 percent to almost 1.4 billion euros. Sales, on the other hand, increased only slightly to $ 9.6 billion. Net profit from continuing operations amounted to 154 million euros, while a loss of 114 million euros was incurred here a year earlier.
The transport giant maintains the previously stated expectations for the whole year. The company does, however, warn of continuing uncertainty as a result of trade tensions, which can have a major impact on container carriers.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.
