A.P. Moller – Maersk reports Q3 financial results in line with expectations, yet challenges lie ahead
2023-11-04
Copenhagen, Denmark – A.P. Moller – Maersk’s (Maersk) financial results for third quarter of 2023 were in line with expectations in a difficult market environment with rates well off their 2022 peak and tested by the increase of capacity in Ocean. Revenue was USD 12.1bn compared to USD 22.8bn in Q3 2022 with an EBIT margin at 4.4% impacted by lower freight rates and lower volumes. Maersk maintains its guidance ranges but now expects to be towards the lower end of the ranges.
