Maersk to increase revenues by 100 mia. kr.

Maersk to increase revenues by 100 mia. kr.
Chairman of A.P Møller – Maersk, Jim Hagemann Snabe

12-04-2018 13:00:00

has set an ambitious goal to increase revenues by 100 mia. dkk. within the next couple of years. In order to reach this goal, the company has to buy out a new type of organization, Danish financial newspaper Berlingske Business reports.

Revenue in A.P. Møller - Maersk has decreased drastically with the divestment energy business and several other companies and shareholdings since it peaked in 2012 by approx. 300 mia. dkk. However, this has to change, says Jim Hagemann Snabe.

"Our goal is to grow and become even bigger than back when we still had the energy business," he says to Berlingske Business.

It is A.P Møller – Maersk’s goal to expand and be in possession of a large part of the core of container transport.

"The biggest assumption about us, which we are going to change, is that we should be more than a company that ships containers from one port to another port, but that we can help our customers with their overall logistics needs," says Jim Hagemann Snabe for Business.

The plan is therefore that new acquisitions will take place in this area. The company’s finances are looking good after the sale of Maersk Oil to Total, similar to the future sale of Maersk Drilling, according to Business, could possibly bring about another 30 mia. dkk.

In 2017, revenues in A.P. Møller - Maersk amounted to 186 mia. dkk. These figures will rise in 2018 by approx. 40 mia. due to the acquisition of Hamburg Süd.

Source: Berlingske Business / Maritime Denmark

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