No surprises after the profit warning on 7 August 2018. The surge in bunker prices weighed on Ocean’s operating margin. Unit cost at fixed bunker price, at constant currency and excluding Hamburg Süd, was down 1.4% yoy which was a favourable achievement. H2 18 should be better with the positive effect of the Emergency Bunker Surcharge and further cost synergies related to Hamburg Süd. Finally, management decided to separate out Maersk Drilling with the listing of the company i
20 Aug 2018
Tough times in Q2 18, improvement onwards
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Tough times in Q2 18, improvement onwards
A.P. Moller - Maersk A/S Class B (MRSK:WBO) | 0 0 2.1% | Mkt Cap: 217,400m
- Published:
20 Aug 2018 -
Author:
Hélène Coumes -
Pages:
3
No surprises after the profit warning on 7 August 2018. The surge in bunker prices weighed on Ocean’s operating margin. Unit cost at fixed bunker price, at constant currency and excluding Hamburg Süd, was down 1.4% yoy which was a favourable achievement. H2 18 should be better with the positive effect of the Emergency Bunker Surcharge and further cost synergies related to Hamburg Süd. Finally, management decided to separate out Maersk Drilling with the listing of the company i