Q2 15 earnings: no suprise considering the lower freight rates and oil price environment. Revenue reached $10.5bn (-12%). In the container shipping activity, key indicators included an increase in volume (+3.7% to 2.5m) above the growth in container demand (1-2%), and a significantly lower average freight rate (-14% to $2,261/FFE). In the oil/gas business, the average oil price was down 44% to $62/bl. Group EBITDA decreased to $2,631m (-15%) due to the reduced contribution from Maersk Line ($
13 Aug 2015
Well done considering the difficult environment
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Well done considering the difficult environment
A.P. Moller - Maersk A/S Class B (MRSK:WBO) | 0 0 2.1% | Mkt Cap: 217,400m
- Published:
13 Aug 2015 -
Author:
Hélène Coumes -
Pages:
3
Q2 15 earnings: no suprise considering the lower freight rates and oil price environment. Revenue reached $10.5bn (-12%). In the container shipping activity, key indicators included an increase in volume (+3.7% to 2.5m) above the growth in container demand (1-2%), and a significantly lower average freight rate (-14% to $2,261/FFE). In the oil/gas business, the average oil price was down 44% to $62/bl. Group EBITDA decreased to $2,631m (-15%) due to the reduced contribution from Maersk Line ($