AP Moller Maersk ( (AMKBY) ) has released its Q3 earnings. Here is a breakdown of the information AP Moller Maersk presented to its investors.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
A.P. Moller – Maersk, a global leader in integrated logistics, reported a substantial increase in profitability in Q3 2024, driven by higher freight rates and increased volumes across its Ocean, Logistics & Services, and Terminals segments. Revenue rose to USD 15.8 billion, with EBITDA reaching USD 4.8 billion, significantly surpassing the previous year’s figures. The Ocean segment saw a remarkable 54% rise in freight rates, while Logistics & Services and Terminals also demonstrated growth due to strategic cost management and increased storage revenue. Looking ahead, A.P. Moller – Maersk has upgraded its full-year financial guidance, anticipating continued demand in the container market despite ongoing supply chain challenges.
