the giant Maersk quadruple its net profit and collapses on the stock market (-6%)

[Article publié à 9:03 le 10.02.2021, mis à jour avec cours de Bourse à 12:00]

Despite the pandemic, the Danish shipping giant AP Møller-Mærsk, third largest shipowner in the world and largest company in Denmark, nearly six-fold net profit in 2020, driven by a recovery in global traffic and higher freight rates.

As a result of the health crisis, prices from Asia have taken off due to a lack of available containers.

Over the full year, in its ongoing operations, Maersk recorded a net profit of + $ 2.9 billion (2.4 billion euros).

The turnover has gained him +2,2%, to 39.74 billion dollars, slightly more than the forecasts of the analysts which counted on an amount varying between 39.56 and 39.58 billion.

Mærsk wants to “help its clients to build supply chains resistant “

Gross operating income, EBITDA, increased by +44%, to 8.22 billion, thanks to reduced costs and an optimization of the supply chain.

“Our customers want us to help them build stronger supply chains (…). Today we are a profitable and growing logistics company, which offers a wide range of maritime and air transport services, port services and logistics capabilities, “said Managing Director Søren Skou, quoted in a statement. .

And yet, despite these excellent results, the share of the world’s 3rd largest shipowner kept collapsing on the stock market this morning, with the fall reaching -6,27% around noon Paris time at the Copenhagen Stock Exchange.

Refocusing on transport and logistics

Since the sale in 2017 of its oil division to Total, Maersk has undertaken a major restructuring aimed at refocusing on transport and logistics. Its drilling subsidiary has been listed on the Copenhagen Stock Exchange since April 2019.

The group aims to become carbon neutral by 2050 and has reported a drop of nearly 42% in its emissions over the year as a whole.

The company operates in 130 countries and employs some 80,000 people worldwide.

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