Q3 15 was severely impacted by the collapse in earnings at Maersk Line and Maersk Oil as expected. Maersk Drilling, Damco and Svitzer were the best performers within the group. Q3 15 figures: Based on revenue of $10.1bn (-17%), impacted by lower average container freight rate (-19% to $2,163/FFE) and the oil price (-51% to $50/bl), EBITDA dropped to $2,245m (-30%), EBIT collapsed to $1,204m (-55%) after a decrease in the gain in sales of assets ($118m vs $454m in Q3 14) and a lower share of p
06 Nov 2015
Maersk Line, Maersk Oil severely affected by adverse market trends
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Maersk Line, Maersk Oil severely affected by adverse market trends
A.P. Moller - Maersk A/S Class B (MRSK:WBO) | 0 0 2.1% | Mkt Cap: 217,400m
- Published:
06 Nov 2015 -
Author:
Hélène Coumes -
Pages:
3
Q3 15 was severely impacted by the collapse in earnings at Maersk Line and Maersk Oil as expected. Maersk Drilling, Damco and Svitzer were the best performers within the group. Q3 15 figures: Based on revenue of $10.1bn (-17%), impacted by lower average container freight rate (-19% to $2,163/FFE) and the oil price (-51% to $50/bl), EBITDA dropped to $2,245m (-30%), EBIT collapsed to $1,204m (-55%) after a decrease in the gain in sales of assets ($118m vs $454m in Q3 14) and a lower share of p