The Danish shipping company Maersk has significantly raised its forecast for the financial year due to strong demand in the container market.
Based on preliminary figures A.P. Møller-Mærsk reports revenue of $12.8bn, adjusted EBITDA of US$2.1bn and adjusted EBIT of US$756m for the second quarter of 2024.
As supply chain disruptions due to the crisis in the Red Sea are expected to continue and demand in the container market remains robust, the forecast for the full year 2024 has been raised once again.
Maersk hopes for profit of up to US$5bn
Maersk now expects an adjusted EBITDA of US$9 to US$11bn (previously US$7-9bn) and an EBIT of US$3 to US$5 bn (instead of US$1-3bn) as well as a free cash flow of at least US$2bn (previously US$1bn).
The global container market is now expected to grow by 4% to 6% in 2024 as a whole, which is significantly stronger than previously assumed. Overall, however, the outlook for the trade remains more uncertain than usual given the unpredictability of the situation in the Red Sea and the unclear supply and demand situation in the fourth quarter.
A.P. Møller-Mærsk plans to present its final quarterly figures on 7 August.
