The group released an extraordinary Q1 21 as pre-announced on 27 April 2021. Revenue increased by 30% and EBITDA jumped to $4,039m (+166%). Ocean was a substantial contributor with revenue growth of 31% and EBITDA of $3,444m (+193%). Strong demand led to extraordinary capacity constraints and bottlenecks in equipment and congestion in ports which had a positive impact of €2.2bn in EBITDA. The raising of 2021 guidance is based on continuing exceptional market conditions and long-term contract ach ....
06 May 2021
Exceptional market environment, exceptional EBITDA
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Exceptional market environment, exceptional EBITDA
- Published:
06 May 2021 -
Author:
Hélène Coumes -
Pages:
3
The group released an extraordinary Q1 21 as pre-announced on 27 April 2021. Revenue increased by 30% and EBITDA jumped to $4,039m (+166%). Ocean was a substantial contributor with revenue growth of 31% and EBITDA of $3,444m (+193%). Strong demand led to extraordinary capacity constraints and bottlenecks in equipment and congestion in ports which had a positive impact of €2.2bn in EBITDA. The raising of 2021 guidance is based on continuing exceptional market conditions and long-term contract ach ....