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AP Moeller - Maersk A/S (MAERSKb.CO)

MAERSKb.CO on Copenhagen Stock Exchange

8,300.00DKK
13 Sep 2019
Change (% chg)

kr.340.00 (+4.27%)
Prev Close
kr.7,960.00
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kr.8,000.00
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kr.8,306.00
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kr.7,916.00
Volume
60,469
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31,485
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kr.9,914.00
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kr.6,716.00

Latest Key Developments (Source: Significant Developments)

Maersk and Koole Terminals to produce 0.5% Sulphur Fuel In Rotterdam
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - AP Moeller - Maersk A/S ::MAERSK OIL TRADING AND KOOLE TERMINALS TODAY ANNOUNCED THE SIGNING OF AN AGREEMENT TO PRODUCE IMO 2020-COMPLIANT BUNKER FUEL.MAERSK SAYS ANNUAL PRODUCTION IS EXPECTED TO COVER 5-10% OF MAERSK’S ANNUAL FUEL DEMAND.  Full Article

Maersk CEO Says Risk Of Recession May Further Hurt Demand In Container Shipping
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Maersk MAERSKB.CO::CEO SAYS NO REASON TO BELIEVE CURRENT LOW GROWTH SCENARIO IN CONTAINER SHIPPING WILL END SOON; SAYS RISK OF RECESSION MAY FURTHER HURT DEMAND IN CONTAINER SHIPPING.CEO SAYS HE DOESN'T EXPECT RECESSION IN U.S. ECONOMY IN 2019 OR 2020.CEO SAYS ALMOST ALL HIGHER FUEL COSTS RELATED TO NEW REGULATION WILL BE PUSHED ONTO CUSTOMERS; SAYS SHIPPING INDUSTRY CANNOT ABSORB THE HIGHER FUEL COSTS.  Full Article

A.P. Møller - Mærsk Q2 EBITDA Slightly Above Expectations At $1.36 Bln
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - AP Moeller - Maersk A/S ::REG-A.P. MØLLER - MÆRSK A/S - INTERIM REPORT Q2 2019.WE REAFFIRM OUR GUIDANCE FOR 2019.MAERSK CEO SAYS WE REAFFIRM OUR GUIDANCE FOR 2019 WHILE MACRO ENVIRONMENT CONTINUES TO BE SUBJECT TO CONSIDERABLE UNCERTAINTIES.Q2 REVENUE $9,627 MILLION VERSUS $9,805 MILLION SEEN IN MAERSK POLL.MAERSK CEO SAYS GROWTH IN REVENUE AND GROSS PROFIT IN LOGISTICS & SERVICES STILL NEED TO IMPROVE AS WE CONTINUE TO BUILD CAPABILITIES WITHIN LOGISTICS AND SERVICES.Q2 EBITDA $1,357 MILLION VERSUS $1,236 MILLION SEEN IN MAERSK POLL.TOTAL OPERATING COSTS WERE LARGELY UNCHANGED AS THE IMPACT FROM THE HIGHER VOLUMES WERE PARTLY OFFSET BY NETWORK IMPROVEMENTS, INCLUDING HIGHER BUNKER EFFICIENCY, WHICH RESULTED IN A 3.5% DECREASE IN THE UNIT COST AT FIXED BUNKER.GUIDANCE FOR 2019: MAERSK REITERATES ITS GUIDANCE STILL EXPECTING EARNINGS BEFORE INTERESTS, TAX, DEPRECIATION AND AMORTISATIONS (EBITDA) OF AROUND USD 5.0BN..GUIDANCE FOR 2019: GUIDANCE IS MAINTAINED ON GROSS CAPITAL EXPENDITURES (CAPEX) OF AROUND USD 2.2BN.IMPORTS FROM ASIA DECLINED BY NEGATIVE 0.6%, REFLECTING THE US-CHINA TRADE RESTRICTIONS.GUIDANCE FOR 2019: THE ORGANIC VOLUME GROWTH IN OCEAN IS STILL EXPECTED TO BE IN LINE WITH THE ESTIMATED AVER AGE MARKET GROWTH OF 1-3% FOR 2019.GLOBAL CONTAINER TRADE GREW BY AROUND 2.0% IN Q2 2019 COMPARED TO Q2 2018, IN LINE WITH OUR EXPECTED FULL YEAR 2019 GROWTH OF 1-3%..  Full Article

A.P. Moller-Maersk Q1 Profit In Line With Forecasts, Launches New Share Buy-Back
Friday, 24 May 2019 

May 24 (Reuters) - AP Moeller - Maersk A/S ::REG-INTERIM REPORT Q1 2019.SAYS WE REAFFIRM OUR GUIDANCE FOR 2019 RESULTS.SAYS WE ARE STILL FACING CONSIDERABLE UNCERTAINTIES FROM WEAKER MACRO NUMBERS AS WELL AS RISK FROM TRADE TENSIONS AND IMPLEMENTATION OF IMO 2020.SAYS IN Q1, VOLUMES ON TRANS PACIFIC TRADE BETWEEN ASIA AND NORTH AMERICA HAVE SHOWN SIGNS OF DECLINE AND NEW TARIFFS CAN POTENTIALLY REDUCE EXPECTED GROWTH IN GLOBAL CONTAINER VOLUMES BY UP TO 1 PERCENTAGE POINT.SAYS IN Q1, REVENUE GREW BY 2.5%, OPERATING EARNINGS IMPROVED BY 33% AND CASH FLOW FROM OPERATIONS DOUBLED TO USD 1.5BN.Q1 REVENUE $9,540 MILLION VERSUS $9,621 MILLION SEEN IN REUTERS POLL.CEO SAYS WITH A STRONG FREE CASH FLOW OF USD 3.5BN AFTER SALE OF REMAINING SHARES IN TOTAL S.A., WE HAVE SIGNIFICANTLY STRENGTHENED OUR BALANCE SHEET.CEO SAYS NET INTEREST-BEARING DEBT HAS BEEN REDUCED BY USD 2.4BN SINCE Q4 AND BY USD 7.1BN SINCE Q1 2018.Q1 EBITDA $1,236 MILLION VERSUS $1,251 MILLION SEEN IN REUTERS POLL.CEO SAYS WE MADE GOOD PROGRESS ON TRANSFORMATION, WHERE WE HAVE COMPLETED SEPARATION OF ENERGY BUSINESSES, FURTHER INTEGRATED OUR ORGANISATION AND CONTINUED TO IMPROVE OUR PRODUCT PORTFOLIO.CEO SAYS THIS RESULTED IN A SOLID CASH RETURN ON INVESTED CAPITAL AND DELIVERY OF SYNERGIES, GETTING US CLOSER TO OUR TARGET OF USD 1BN BY END OF 2019.REITERATES ITS GUIDANCE STILL EXPECTING EARNINGS BEFORE INTERESTS, TAX, DEPRECIATION AND AMORTISATIONS (EBITDA) OF AROUND USD 5.0BN.  Full Article

A.P. Moller-Maersk To Offer Digital Ocean Customs Clearance
Monday, 29 Apr 2019 

April 29 (Reuters) - AP MOELLER - MAERSK A/S ::SAYS MAERSK BECOMES FIRST CONTAINER SHIPPING COMPANY TO OFFER DIGITAL OCEAN CUSTOMS CLEARANCE.LAUNCHES CUSTOMS CLEARANCE ONLINE SHIPPING MANAGEMENT PLATFORM IN SEVEN EUROPEAN COUNTRIES - GERMANY, FRANCE, DENMARK, THE NETHERLANDS, POLAND, UNITED KINGDOM AND SPAIN - WITH THE GOAL OF EXPANDING THIS OFFERING ACROSS THE WORLD BY THE END OF 2019.  Full Article

A.P. Moller-Maersk Says Completion Of Demerger Adopted
Tuesday, 2 Apr 2019 

April 2 (Reuters) - A.P. Moller - Maersk A/S ::SAYS GENERAL MEETING HAS APPROVED BOARD'S PROPOSAL TO COMPLETE DEMERGER OF APMM.DEMERGER WILL BE COMPLETED BY APMM INJECTING 100 PCT OF SHARES OF MAERSK DRILLING HOLDING A/S.  Full Article

Maersk Supply Service Secures Second Walk-To-Work Contract With Total Denmark
Monday, 11 Mar 2019 

March 11 (Reuters) - AP MOELLER - MAERSK A/S ::MAERSK SUPPLY SERVICE SECURES SECOND WALK-TO-WORK CONTRACT WITH TOTAL DENMARK.NEWBUILD I-CLASS VESSELS, MAERSK INVOLVER, WILL GO ON CONTRACT FOR 161 DAYS TO SUPPORT MAINTENANCE OF THE DAN F PLATFORM LOCATED OFFSHORE ESBJERG FOR WALK-TO-WORK AND ACCOMMODATION SERVICES..  Full Article

Maersk Buys U.S. Customs House Broker Vandegrift Inc
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - AP MOELLER - MAERSK A/S ::DELIVERS FIRST ACQUISITION OF THE YEAR IN FAST-GROWING LOGISTICS SECTOR.ACQUIRES VANDEGRIFT INC, A U.S. CUSTOMS BROKERAGE WITH 170 PEOPLE SPREAD ACROSS 12 OFFICES .PRICE AND TERMS WERE NOT DISCLOSED.THE TRANSACTION CLOSED 31 JANUARY 2019.  Full Article

Maersk CEO: US imports from China up 5-10 pct in Q3 on-year
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - MAERSK MAERSKB.CO::CEO SAYS "GOOD CHANCE" THAT GROWTH IN CONTAINER SHIPPING VOLUMES WILL EXCEED NEW CAPACITY IN 2019.CEO SAYS U.S. IMPORTS FROM CHINA INCREASING AS COMPANIES SEEK TO BUILD UP INVENTORIES BEFORE NEW TARIFFS TAKE EFFECT.CEO SAYS WILL NEED TO REMOVE CONTAINER SHIPPING CAPACITY ON ASIA-NORTH AMERICA ROUTE NEXT YEAR; EXPECTS VOLUMES TO FALL DUE TO TRADE WAR.CEO SAYS OWN TRADE DATA SHOWS U.S. IMPORTS FROM CHINA GREW 5-10 PERCENT IN Q3 ON-YEAR.  Full Article

A.P. Moller-Maersk Q3 EBITDA Above Forecast, Narrows 2018 Outlook
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - AP Moeller - Maersk A/S ::REG-INTERIM REPORT Q3 2018.CEO SAYS OUR BUSINESS PERFORMANCE IN OCEAN IS STILL CHALLENGED BY INCREASED BUNKER PRICES NOT BEING FULLY COMPENSATED THROUGH HIGHER FREIGHT RATES.CEO SAYS WE CONTINUE TO SEE IMPROVED RESULTS IN Q3 AFTER A VERY WEAK START TO 2018.Q3 REVENUE $10,077 MILLION VERSUS $9,976 MILLION SEEN IN REUTERS POLL.CEO SAYS I AM PLEASED TO SEE REVENUE GROWTH IN Q3 ACROSS BUSINESS, INCLUDING SUPPLY CHAIN SERVICES.CEO SAYS OUR PROFITABILITY AND CASH FLOW IS IMPROVING, POSITIVELY IMPACTED BY EMERGENCY BUNKER SURCHARGE ANNOUNCED DUE TO SIGNIFICANT INCREASE IN BUNKER PRICE, SYNERGIES FROM HAMBURG SÜD AND STRONG COLLABORATION BETWEEN OCEAN AND OUR TERMINAL ACTIVITIES.Q3 EBITDA $1,138 MILLION VERSUS $1,092 MILLION SEEN IN REUTERS POLL.EXPECTS EARNINGS BEFORE INTERESTS, TAX, DEPRECIATION AND AMORTISATIONS (EBITDA) IN THE RANGE OF USD 3.6-4.0BN (PREVIOUSLY USD 3.5- 4.2BN) AND A POSITIVE UNDERLYING PROFI T.SAYS VOLUME GROWTH IN OCEAN OF 5.0%, EXCLUDING HAMBURG SÜD, WAS ABOVE ESTIMATED MARKET GROWTH OF AROUND 2.7%, HOWEVER, Q3 2017 WAS NEGATIVELY IMPACTED BY THE CYBER-ATTACK.SAYS VOLUME GROWTH WAS LOWER THAN EXPECTED.SAYS SOLUTIONS FOR MAERSK SUPPLY SERVICE ARE STILL BEING PURSUED.SAYS VOLUME DECREASED BY 1.9% COMPARED TO Q2 2018.SAYS Q3 AVERAGE FREIGHT RATE IN OCEAN WAS 5.5% HIGHER THAN SAME PERIOD LAST YEAR AND UP 4.8% COMPARED TO Q2 2018.  Full Article

Maersk family company steps into renewables with wind firm acquisition

A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry.