Group EBITDA was 4% below the consensus in Q4 19 but in the high range of guidance for the full year 2019. In a tough environment, the group succeeded to increase significantly its EBITDA margin in 2019 (15.3% of revenue, +2pts). All the divisions contributed positively to this performance. Finally, the financial situation improved with a significant reduction in net interest bearing debt at year-end (-21%) thanks to a strong cash conversion rate and capex discipline.
20 Feb 2020
2019: a good vintage in the end
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2019: a good vintage in the end
A.P. Moller - Maersk A/S Class B (MRSK:WBO) | 0 0 2.1% | Mkt Cap: 217,400m
- Published:
20 Feb 2020 -
Author:
Hélène Coumes -
Pages:
4
Group EBITDA was 4% below the consensus in Q4 19 but in the high range of guidance for the full year 2019. In a tough environment, the group succeeded to increase significantly its EBITDA margin in 2019 (15.3% of revenue, +2pts). All the divisions contributed positively to this performance. Finally, the financial situation improved with a significant reduction in net interest bearing debt at year-end (-21%) thanks to a strong cash conversion rate and capex discipline.