Maersk revises up profit guidance on exceptional first quarter
2022.04.26 09:31
FILE PHOTO: A truck driving a Maersk shipping container drives past Poolbeg Generating Station owned by the Electricity Supply Board beside the Port in Dublin, Ireland, February 11, 2022. REUTERS/Clodagh Kilcoyne
COPENHAGEN (Reuters) – Shipping group Maersk said on Tuesday operating profit for the first quarter and guidance for the full year were above its previous expectations, driven by high container freight rates.
Revenue in the first three months of the year stood at $19.3 billion, with underlying earnings before interest, tax, depreciation and amortisation (EBITDA) at $9.2 billion.
Guidance for the full year was revised upwards, with underlying EBITDA expected to be about $30 billion compared to $24 billion previously expected.
