A P Moller Maersk AS (OCSE:MAERSK B)

kr 11455 -55 (-0.48%) Market Cap: 176.13 Bil Enterprise Value: 246.81 Bil PE Ratio: 7.34 PB Ratio: 0.49 GF Score: 78/100

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Q1 2022 AP Moeller - Maersk A/S Earnings Call Transcript

May 04, 2022 / 09:00AM GMT

Release Date Price: kr20207.17 (+3.60%)

Transcript

Soren Skou;ller;MÃ;rsk A;S;CEO

A.P. MÃ;CEO of Transport & Logistics Division, Interim COO and Member of Management Board

¸-¦/- -

Good morning everybody and thank you for joining us today as we discuss our first quarter of 2021 results and outlook for the full year of 2022. My name is Soren Skou and I'm the CEO of A.P. Moller - Maersk and I'm joined today by our CFO, Patrick Jany.

So let me start by saying we are, of course, pleased to present our results from another extraordinary strong quarter. The first quarter of 2022 is the 15th quarter in a row with year-on-year growth in operating earnings since Q3 of 2018. And the 16th quarter, I think I can say with some confidence is also in the making as we speak.

We delivered record-breaking results across all segments, Ocean, Logistics and Terminals, and the strong Q1 performance combined with a better-than-expected outcome of the contracting season, and I'll get back to that, in Ocean allowed us to announce significantly increased full year 2022

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