In Q2 19, EBITDA increased by +17% and the EBITDA margin was up to 14.1% of revenue (+2pts). The group benefited from a strong performance in its Ocean division due to the increase in the volume carried (+1.4%), higher average freight rates (+1.5%) and stable operating costs. The unit cost at fixed bunker price decreased by 3.5% yoy (vs -0.4% yoy in Q1 19) and by -1.6% excluding the currency effects. Finally, the guidance for group EBITDA of c.$5.0bn is maintained.
15 Aug 2019
Strong performance in Ocean
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Strong performance in Ocean
A.P. Moller - Maersk A/S Class B (MRSK:WBO) | 0 0 2.1% | Mkt Cap: 217,400m
- Published:
15 Aug 2019 -
Author:
Hélène Coumes -
Pages:
3
In Q2 19, EBITDA increased by +17% and the EBITDA margin was up to 14.1% of revenue (+2pts). The group benefited from a strong performance in its Ocean division due to the increase in the volume carried (+1.4%), higher average freight rates (+1.5%) and stable operating costs. The unit cost at fixed bunker price decreased by 3.5% yoy (vs -0.4% yoy in Q1 19) and by -1.6% excluding the currency effects. Finally, the guidance for group EBITDA of c.$5.0bn is maintained.