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Maersk quarterly earnings beat expectations

Friday, January 14, 2022
Maersk quarterly earnings beat expectations © Reuters. FILE PHOTO: Crew members look out from the container ship, the MV Maersk Mc-Kinney Moller, as it berths during its maiden port of call at a PSA International port terminal in Singapore September 27, 2013. REUTERS/Edgar Su

COPENHAGEN (Reuters) -Shipping group Maersk on Friday posted better than expected fourth-quarter revenue and earnings, fuelled by record freight rates for container shipping.

Underlying earnings before interest, tax, depreciation and amortization (EBITDA) totalled $8 billion, above guidance given by the company in November.

"The strong result in the quarter reflects the continuation of the exceptional market situation within (the) Ocean (division) caused by global disruptions to supply chains, which have led to further increase in container freight rates," Maersk said in a statement.

Revenue stood at $18.5 billion, against $17.5 billion expected by analysts in a Refinitiv poll.

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16-01-2022 23:37:36 (UTC+7)

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 EUR/JPY130.65Neutral
 EUR/CHF1.0440Sell
 Gold1,819.35↑ Buy
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 Copper4.4220↑ Sell
 Crude Oil WTI83.50Neutral
 Brent Oil86.13↑ Sell
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 US Coffee C239.65↑ Buy
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# So hôm qua # Chênh TG
SJC Eximbank6,115/ 6,155
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SJC HCM6,110/ 6,170
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SJC Nhatrang6,110/ 6,172
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