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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
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Maersk Raises 3Q, 2021 Earnings Targets on Higher Freight Rates

09/16/2021 | 07:42am EDT

By Olivia Bugault

A.P. Moeller-Maersk AS raised its financial guidance for its third quarter and the full year, as continuing bottlenecks in supply chains have led to higher freight rates.

"The strong result is driven by the continuation of the exceptional market situation within Ocean, which have led to further increases in both long- and short-term container freight rates," Maersk said Thursday.

Underlying earnings before interest, taxes, depreciation, and amortization should come close to $7 billion in its third quarter, and between $22 billion and $23 billion for its full year, the world's largest container shipping line by capacity said. The company had previously expected its 2021 underlying Ebitda to be between $18 billion and $19.5 billion, it said.

The company targets underlying earnings before interest and taxes of close to $6 billion for the July-Sept. period, and of between $18 billion and $19 billion for its full year, it said. That compares to a previous forecast of $14 billion-$15.5 billion for its 2021 underlying EBIT.

Free cash flow for the year should be at least of $14.5 billion, or $3 billion more than previously expected, it said.

Maersk said that the market is more volatile than normal and that, therefore, uncertainties that could affect its guidance remain. It will publish its third-quarter results on Nov. 2.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

09-16-21 0942ET

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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 3,34x
Yield 2021 9,78%
Capitalization 52 833 M 52 772 M -
EV / Sales 2021 0,88x
EV / Sales 2022 0,86x
Nbr of Employees 83 624
Free-Float 43,6%
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A.P. Møller - Mærsk A/S Technical Analysis Chart | MarketScreener
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Technical analysis trends A.P. MØLLER - MÆRSK A/S
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 2 885,90 $
Average target price 3 385,38 $
Spread / Average Target 17,3%
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