The performance in Q3 19 was not surprising following the upwards revision of 2019 EBITDA guidance and the pre-announcement of Q3 19 numbers some weeks ago. Despite lower revenue (-0.9%), the EBITDA margin improved significantly (+2.2pts to 16.5% of revenue) thanks to all divisions. Ocean and Terminals & Towage were the best performers. 2019 EBITDA guidance is confirmed at $5.4-5.8bn. AP Moller-Maersk remains focused on cost and capex discipline.
15 Nov 2019
Cost management, capex discipline
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Cost management, capex discipline
A.P. Moller - Maersk A/S Class B (MRSK:WBO) | 0 0 2.1% | Mkt Cap: 217,400m
- Published:
15 Nov 2019 -
Author:
Hélène Coumes -
Pages:
3
The performance in Q3 19 was not surprising following the upwards revision of 2019 EBITDA guidance and the pre-announcement of Q3 19 numbers some weeks ago. Despite lower revenue (-0.9%), the EBITDA margin improved significantly (+2.2pts to 16.5% of revenue) thanks to all divisions. Ocean and Terminals & Towage were the best performers. 2019 EBITDA guidance is confirmed at $5.4-5.8bn. AP Moller-Maersk remains focused on cost and capex discipline.