A P Moller Maersk AS (OTCPK:AMKAF)
$ 1500 -7.65 (-0.51%) Market Cap: 24.75 Bil Enterprise Value: 35.24 Bil PE Ratio: 6.47 PB Ratio: 0.47 GF Score: 32/100

Q4 2023 AP Moeller - Maersk A/S Earnings Call Transcript

Feb 08, 2024 / 10:00AM GMT
Release Date Price: $1508.69 (-14.03%)
Vincent Clerc;ller;MÃ;rsk A;S;CEO;Member of Management Board
A.P. MÃ

¸-¦/-&

Welcome, everyone, and thank you for joining us on this earnings call today as we present the fourth quarter and annual results for 2023. My name is Vincent Clerc. I'm CEO of A.P. Møller - Maersk. And with me in the room today is our CFO, Patrick Jany.

On Slide 2, you will see our usual disclaimer on forward-looking statements. Please familiarize yourself with this at your convenience. For now, let's move straight to the next slide.

Despite a continuing difficult environment, 2023 was a solid year, which -- in which we delivered on our guidance and have systematically sharpened our competitiveness in the course of the year. We closed the year with a total annual revenue of USD 51.1 billion, an underlying EBITDA of $9.8 billion and $4 billion, respectively, of EBIT. It generated a net profit of $3.9 billion.

Not only have our businesses delivered, but we have also emerged from the pandemic fuel boom with

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