COPENHAGEN: The shipping company A.P. Moller-Maersk announced that its operating profit for the first quarter exceeded forecasts and that it maintained its profit guidance for the entire year. "We achieved robust results relative to the same quarter last year, propelled by enhancements in our operational efficiency and a healthy global economy during the initial three months," said CEO Vincent Clerc in a statement.
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"With trade disputes escalating and doubts increasing, global supply chains are in focus once more," he stated. Maersk reported that its EBITDA increased by 70% year-over-year to $2.71 billion in the year's initial three months, surpassing the $2.57 billion anticipated by analysts in an LSEG survey. The firm continues to anticipate EBITDA for this year to be in the range of $6 billion to $9 billion.
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