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    MAERSK B   DK0010244508

A.P. MØLLER - MÆRSK A/S

(MAERSK B)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 10/26 11:00:00 am
18715 DKK   +1.19%
08:52aA.P. MØLLER - MÆRSK A/S : The trend should regain control
10/25WATCH : Shipping drifts off net-zero course
10/25A.P. MOLLER-MAERSK : UBS takes a positive view
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A P Møller Mærsk A/S : Maersk CEO sees no sign of freight market easing this year

09/16/2021 | 09:32am EDT

COPENHAGEN, Sept 16 (Reuters) - Danish shipping giant A.P. Moller-Maersk sees no indication that the current red-hot shipping market will lose steam this year, its chief executive said on Thursday.

Maersk lifted its 2021 outlook again on Thursday, riding the rise in freight rates which has resulted from a congested global supply chain.

The coronavirus pandemic has prompted shortages of container ships and logjams at ports at a time of high consumer spending, sending the cost of transporting freight to record levels.

"Nothing in our data suggests that the situation will change this year," Maersk Chief Executive Soren Skou told Reuters. He expects global trade volumes to grow 7%-8% this year compared with 2020.

"We see very, very strong end-user demand combined with re-stocking and the fact that capacity in ports, warehouses and on ships is not fully utilized due to COVID-19," he said.

Currently, 9%-10% of global container capacity is sitting outside ports waiting to discharge, he said. The problem is particularly acute at Long Beach port in Los Angeles where some 60 container ships are waiting to discharge.

Maersk, which handles one in five containers shipped worldwide, now expects full-year underlying earnings before interest, taxes, depreciation and amortization (EBITDA) of $22 billion to $23 billion, up from a previous estimate of $18 billion to $19.5 billion.

The shipping company, which is set to publish full third-quarter earnings on Nov. 2, also reported preliminary earnings before interest, tax, depreciation and amortization (EBITDA) of close to $7 billion and EBIT of nearly $6 billion. (Reporting by Stine Jacobsen and Jacob Gronholt-Pedersen; Editing by David Goodman and David Evans)


© Reuters 2021
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Financials (USD)
Sales 2021 59 174 M - -
Net income 2021 16 553 M - -
Net cash 2021 603 M - -
P/E ratio 2021 3,38x
Yield 2021 9,68%
Capitalization 53 651 M 53 645 M -
EV / Sales 2021 0,90x
EV / Sales 2022 0,87x
Nbr of Employees 83 624
Free-Float 43,6%
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Technical analysis trends A.P. MØLLER - MÆRSK A/S
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 2 917,24 $
Average target price 3 385,38 $
Spread / Average Target 16,0%
EPS Revisions
Managers and Directors
Søren Skou Chief Executive & Operating Officer
Patrick Jany Chief Financial Officer & Executive Vice President
Jim Hagemann Snabe Chairman
Navneet Kapoor EVP, Chief Technology & Information Officer
Sven Arne Karlsson Independent Director