Q1 2023 AP Moeller - Maersk A/S Earnings Call Transcript
¸-¦/-&
Good morning, everyone, and thank you for joining us today as we present the first quarter 2023 results. My name is Vincent Clerc, CEO of A.P. Møller - Maersk, and I am joined today by our CFO, Patrick Jany.
Yes, when we last met in February, we expected a continuation of lower volumes driven by the inventory correction, and that is indeed what we saw this quarter. Similar to our Q4 2022, these lower volumes were felt across all segments. So the environment and therefore, our first quarter results were very much in line with internal expectations. Overall, the company is performing well during this period of extreme market normalization.
In Q1 2023, we generated $14.2 billion of revenue and delivered an EBIT margin of 16.4%. While the absolute numbers are significantly below those of prior year in the wider context and compared to our pre-pandemic performance, this is still an outstanding quarterly result. The
| 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
