A.P. Møller – Maersk (Maersk) has reported preliminary revenue of $15.8 billion for Q3 2024, based on unaudited statistics.
The Danish shipping giant reported underlying EBITDA of $4.8 billion and underlying EBIT of $3.3 billion (reported: $3.3 billion) for Q3 2024.
Based on strong third-quarter results, strong container market demand, and the continuation of the Red Sea conflict, Maersk now expects underlying EBITDA of $11 to 11.5 billion and EBIT of $5.2 to 5.7 billion for the full year 2024 (previously $9 to 11 billion and $3 to 5 billion, respectively), as well as free cash flow of at least $3 billion (previously $2 billion).
The global container market volume growth forecast for the entire year 2024 has been lowered to roughly 6 per cent.
Maersk will publish its full Q3 interim results on 31 October 2024.
According to Sea-Intelligence’s rankings, Maersk was the most reliable top 13 carrier in August 2024, with a schedule reliability of 54.7 per cent, followed by its soon-to-be alliance partner Hapag-Lloyd at 54.3 per cent.
More recently, the company’s warehousing & distribution division opened a new 1.2-million-square-foot omnichannel fulfilment facility in Groveport, Ohio.