+Q4 15 figures+ Revenue dropped to $9,125m (-22%) due to lower container freight rates (-25% to $1,941/FFE) and oil prices (-42% to 44$/bl). EBITDA decreased to $1,628m (-38%) due to lower contributions from Maersk Line ($359m, -69%), Maersk Oil ($668m, -26%) and APM Terminals ($199m, -13%). Conversely, Maersk Drilling performed well ($323m, +13%) thanks to fleet growth and cost-savings, and APM Shipping Services ($146m vs $73m in Q4 14) benefited from the recovery of Damco. The net result wa
10 Feb 2016
Maersk failed in Q4 15
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Maersk failed in Q4 15
A.P. Moller - Maersk A/S Class B (MRSK:WBO) | 0 0 2.1% | Mkt Cap: 217,400m
- Published:
10 Feb 2016 -
Author:
Hélène Coumes -
Pages:
3
+Q4 15 figures+ Revenue dropped to $9,125m (-22%) due to lower container freight rates (-25% to $1,941/FFE) and oil prices (-42% to 44$/bl). EBITDA decreased to $1,628m (-38%) due to lower contributions from Maersk Line ($359m, -69%), Maersk Oil ($668m, -26%) and APM Terminals ($199m, -13%). Conversely, Maersk Drilling performed well ($323m, +13%) thanks to fleet growth and cost-savings, and APM Shipping Services ($146m vs $73m in Q4 14) benefited from the recovery of Damco. The net result wa