In Q4 16, AP Moller-Maersk posted significant net losses ($-2.7bn) due to impairment losses at Maersk Drilling and Maersk Supply Service for a total of $-2.6bn. The underlying result was slightly negative at $-63m (vs $-9m in Q4 15). The proposed dividend was cut to DKK150/share (-50%). Q4 16 figures: Revenue was down 2.6% to $8,887m. EBITDA decreased to $1,504m (-8%) due to lower contributions from Maersk Line (-3% to $349m) and Maersk Drilling (-53% to $152m) principally. Low freight rates
09 Feb 2017
Dividend reduced
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Dividend reduced
A.P. Moller - Maersk A/S Class B (MRSK:WBO) | 0 0 2.1% | Mkt Cap: 217,400m
- Published:
09 Feb 2017 -
Author:
Hélène Coumes -
Pages:
3
In Q4 16, AP Moller-Maersk posted significant net losses ($-2.7bn) due to impairment losses at Maersk Drilling and Maersk Supply Service for a total of $-2.6bn. The underlying result was slightly negative at $-63m (vs $-9m in Q4 15). The proposed dividend was cut to DKK150/share (-50%). Q4 16 figures: Revenue was down 2.6% to $8,887m. EBITDA decreased to $1,504m (-8%) due to lower contributions from Maersk Line (-3% to $349m) and Maersk Drilling (-53% to $152m) principally. Low freight rates