Maersk adjust expectations for 2018 result
Based on the outlook for freight rates for the rest of the year and continued high bunker fuel prices, A.P. Møller – Mærsk adjusts its expectation for 2018. The new expectation is an EBITDA in the range of USD 3.5-4.2bn, compared to previous USD 4.0-5.0bn.
”We delivered good progress in Q2 on revenue, volumes and unit cost across our business, and results improved from a weak Q1. Spot freight rates have restored after a significant drop in Q2, and volumes are growing in line with market. However, we continue to encounter very high bunker prices, which we have not been able to get fully compensated for in freight rates, leading to an adjustment in our expectations for the full-year 2018”, says CEO Søren Skou.
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