Maersk Raises Earnings Guidance For Fourth Time in 2024 [Yahoo! Finance]
A.P MOLLER-MRS UNS/ADR (AMKBY)
NASDAQ:AMEX Investor Relations:
investor.maersk.com/investor-relations
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Source: Yahoo! Finance
The ocean carrier upwardly revised its outlook for global container market volume growth for the full year, saying it would expand at a 6 percent rate. Previously, the Danish logistics giant called for growth between 4 percent and 6 percent. More from Sourcing Journal Maersk also raised its full-year guidance for the fourth time in the past six months, with the company now expecting earnings before interest and taxes (EBIT) between $5.2 billion and $5.7 billion—significantly ahead of the former $3 billion to $5 billion rage. Anticipated EBITDA is $11 billion to $11.5 billion, while free cash flow forecasts are now set at $3 billion. According to Maersk, the projections are on the back of strong third quarter results combined with the strong container market demand and the continuation of the Red Sea situation. The company unveiled preliminary figures for the period, including $15.8 billion in revenue, underlying EBITDA of $4.8 billion and EBIT of $3.3 billion. Revenue would r
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