- Q1 2024 AP Moeller - Maersk A/S Earnings Call TranscriptMay 02, 2024$7.24 (-3.72%)Earnings
- AP Moeller - Maersk A/S Annual Shareholders Meeting TranscriptMar 14, 2024
- Q4 2023 AP Moeller - Maersk A/S Earnings Call TranscriptFeb 08, 2024$7.92 (-15.02%)Earnings
- Q3 2023 AP Moeller - Maersk A/S Earnings Call TranscriptNov 03, 2023$7.29 (-15.43%)Earnings
- Q2 2023 AP Moeller - Maersk A/S Earnings Call TranscriptAug 04, 2023$9.4 (-5.05%)Earnings
- Q1 2023 AP Moeller - Maersk A/S Earnings Call TranscriptMay 04, 2023$8.69 (-1.24%)Earnings
- AP Moeller - Maersk A/S Annual Shareholders Meeting TranscriptMar 28, 2023
- Q4 2022 AP Moeller - Maersk A/S Earnings Call TranscriptFeb 08, 2023$11.11 (-1.68%)Earnings
- AP Moeller - Maersk A/S ESG Day TranscriptNov 22, 2022
- Q3 2022 AP Moeller - Maersk A/S Earnings Call TranscriptNov 02, 2022$9.85 (-7.34%)Earnings
- Q2 2022 AP Moeller - Maersk A/S Earnings Call TranscriptAug 03, 2022$14.57 (+5.62%)Earnings
- Q1 2022 AP Moeller - Maersk A/S Earnings Call TranscriptMay 04, 2022$15.24 (+6.05%)Earnings
- AP Moeller - Maersk A/S Annual Shareholders Meeting TranscriptMar 15, 2022
- Q4 2021 AP Moeller - Maersk A/S Earnings Call TranscriptFeb 09, 2022$17.87 (+6.79%)Earnings
- AP Moeller - Maersk A/S to Acquire LF Logistics Holdings Limited Call TranscriptDec 22, 2021
- Q3 2021 AP Moeller - Maersk A/S Earnings Call TranscriptNov 02, 2021$15.52 (+3.02%)Earnings
- Q2 2021 AP Moeller - Maersk A/S Earnings Call TranscriptAug 06, 2021$13.79 (-0.29%)Earnings
- AP Moeller - Maersk A/S Capital Markets Day TranscriptMay 11, 2021
- Q1 2021 AP Moeller - Maersk A/S Earnings Call TranscriptMay 05, 2021$12.98 (+6.61%)Earnings
- AP Moeller - Maersk A/S Annual Shareholders Meeting TranscriptMar 23, 2021
- Q4 2020 AP Moeller - Maersk A/S Earnings Call TranscriptFeb 10, 2021$10.27 (-6.55%)Earnings
- Q3 2020 AP Moeller - Maersk A/S Earnings Call TranscriptNov 18, 2020$9.11 (-4.36%)Earnings
- Q2 2020 AP Moeller - Maersk A/S Earnings Call TranscriptAug 19, 2020$7.75 (+4.03%)Earnings
- Q1 2020 AP Moeller - Maersk A/S Earnings Call TranscriptMay 13, 2020$4.43 (-5.85%)Earnings
- AP Moeller - Maersk A/S Annual Shareholders Meeting TranscriptMar 23, 2020
- Q4 2019 AP Moeller - Maersk A/S Earnings Call TranscriptFeb 20, 2020$5.87 (-4.32%)Earnings
- Q3 2019 AP Moeller - Maersk A/S Earnings Call TranscriptNov 15, 2019$6.97 (+6.25%)Earnings
- Q2 2019 AP Moeller - Maersk A/S Earnings Call TranscriptAug 15, 2019$5.18 (+0.39%)Earnings
- Q1 2019 AP Moeller - Maersk A/S Earnings Call TranscriptMay 24, 2019$5.41 (-0.37%)Earnings
- AP Moeller - Maersk A/S Annual Shareholders Meeting TranscriptApr 02, 2019
- Q4 2018 AP Moeller - Maersk A/S Earnings Call TranscriptFeb 21, 2019$6.38 (-9.89%)Earnings
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
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