Strong Financial Performance
Delivered an EBITDA of $2.7 billion and an EBIT of $1.3 billion, marking sequential growth. Net profit after tax was $1.1 billion, generating a return on invested capital of 9.6%.
Logistics & Services Margin Improvement
Logistics & Services achieved an EBIT margin of 5.5%, up from 5.1% last year and 4.8% last quarter, driven by asset utilization and productivity improvements.
Gemini Network Benefits
First full quarter of Gemini network implementation showed reliability above 90% and significant cost savings. Ocean segment volumes increased by 7% year-on-year and 5% sequentially.
Terminal Business Success
Terminals delivered record volumes and profitability, with a 17.2% return on invested capital and a 26% increase in volumes from Maersk Ocean year-on-year.
Positive Outlook for Container Demand
Despite global challenges, container demand showed resilience. China's global export share increased from 33% to 37% over the past two years.