Maersk CEO: Our Q1 Result Was Unsatisfactory

The first quarter performance of Danish transport and logistics major A.P. Moller – Maersk was unsatisfactory, especially in the ocean-related part of the business, the group’s CEO Søren Skou said.
This is the first time the business conglomerate, which is currently undergoing a transformation into a global integrator of container logistics, announced its quarterly results in a new financial reporting structure.
The results feature four new business segments Ocean, Logistics & Services, Terminals & Towage and Manufacturing & Others, which are aligned with the strategic focus on growing the non-ocean part of the business disproportionally to the ocean.
“The new format reflects that we are an integrated global container transport and logistics business focusing on our customers’ value chains, and it allows us to follow our progress, particularly in those parts of the business which are not purely ocean freight, which we need to grow in order to minimise the cyclical part of our business,” Skou explained.
The group’s profit for the period stood at USD 2.76 bn. Nevertheless, Maersk’s underlying result for the quarter after financial items and tax was a loss of USD 239 million.
Earnings before interests, tax, depreciation and amortization (EBITDA) increased by 5 pct to USD 669 million, negatively impacted by the adverse rate of exchange development compared to same period last year of around net USD 100 million.
The group’s earnings in the Ocean segment reached USD 492 million, impacted by higher unit costs due to adverse developments in bunker price a
 
 該集團首席執行官SørenSkou表示,丹麥運輸和物流主要公司AP Moller - 馬士基集團第一季度業績不盡人意,尤其是與業務涉及海洋相關的部分。
這是目前正在向全球集裝箱物流集成商轉型的企業集團首次宣布其季度業績達到新的財務報告結構。
包括海洋,物流與服務,碼頭與拖運以及製造業與其他業務四大新業務部門,這些業務部門和戰略在與海洋不成比例的非海洋海洋業務密切合作。
“新格式反映出我們是一家綜合性的全球集裝箱運輸和物流業務部門,專注於我們客戶的價值鏈,並使我們能夠追踪我們的進展,特別是在那些我們需要的為了最大地減少我們商業周期性的非純海運業務的部分,“ Skou解釋說。
該集團期內的利潤為27.6億美元。儘管如此,馬士基本季度在金融項目和稅收後的基本業績是虧損2.39億美元。
利息,稅收,折舊和攤銷前利潤(EBITDA)增長5%至6.69億美元,與去年同期相比,匯率發展的負面影響為1億美元左右。
馬士基表示,由於燃料價格和匯率出現不利變化,集團在海洋部門的收益達到4.92億美元,受單位成本上漲影響。


Image Courtesy: Maersk / Imformation Source: World Maritime News Staff