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Skou: 2016 was a difficult year

Skou: 2016 was a difficult year

08-02-2017 08:30:00


2016 was a difficult year financially, with headwinds in all of A.P. Moller – Maersk’s markets. But Maersk have set a new course, with the aim of growing revenue again, says Maersk Group CEO Søren Skou.

“We delivered an underlying profit of USD 711m, in line with guidance but clearly unsatisfactory. The main driver of the underlying result was a loss in Maersk Line. A.P. Moller - Maersk reported a net loss for the year of USD 1.9bn impacted by impairments totalling USD 2.7bn in Maersk Drilling and Maersk Supply Service as a consequence of significant over-supply and reduced long-term demand expectations.
 
As communicated at our Capital Markets Day in December, our top priorities for 2017 remain integrating our Transport & Logistics businesses, taking out cost in APM Terminals and Damco, closing the Hamburg-Süd acquisition, as well as progressing the work on finding structural solutions for each of our oil and oil-related businesses. 
 
For 2017, we expect A.P. Moller - Maersk to deliver an underlying profit above 2016, mainly driven by an improvement in underlying profit in excess of USD 1bn in Maersk Line compared to 2016," says Maersk Group CEO Søren Skou. 

Source: A.P. Moller – Maersk


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