Q2 2023 AP Moeller - Maersk A/S Earnings Call Transcript
Good morning, everyone, and thank you all for joining us today as we present the second quarter of our 2023 results. My name is Vincent Clerc. I'm the CEO of A.P. Moller - Maersk, and I'm joined today by our CFO, Patrick Jany. I think we can slip also to the next slides.
All right. As we close the first half year of 2023, I am overall very pleased with the company performance in a very challenging market circumstance, achieving a group revenue of $13 billion this quarter and a robust EBIT margin of 12.4%. The volume and rate environment has developed as anticipated, with inventory destocking continuing to be the primary driver for lower volumes, which could be felt in the performance of all our segments.
A strong cost focus in Ocean and Terminal, in particular, cushioned the top line impact and supported our bottom line performance. In Logistics & Services, the impact of this normalization process was felt stronger than we had anticipated, resulting in growth below our expectations and higher
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
