Maersk announced preliminary second-quarter results and raised its full-year guidance
On August 1, Maersk released preliminary results for the second quarter of 2024 and raised its full-year guidance.
According to preliminary figures, Maersk had unaudited revenue of $12.8bn in the second quarter, earnings before interest, tax, depreciation and amortisation of $2.1bn and earnings before interest and tax of $756m.
In addition, Maersk also expects the global container market to grow by 4% to 6% in 2024, higher than the previous forecast of 2.5% to 4.5%, but given the tension in the Red Sea, the market is still more unpredictable.
It is worth noting that in addition to Maersk, a number of liner companies such as Hapag-Lloyd and ONE are also optimistic about the market prospects and have successively raised their full-year profit expectations for 2024.
On July 9, after announcing preliminary earnings data for the first half of 2024, Hapag-Lloyd raised its full-year earnings forecast for 2024, predicting full-year EBITDA of $3.5 billion to $4.6 billion and EBIT of $1.3 billion to $2.4 billion.
"With recent strong demand in the market and higher than expected short-term freight rate increases, we believe earnings momentum in the second half of the year is likely to exceed our previous expectations," Hapag-Lloyd explained.
In addition, in view of the excellent performance in the first quarter of the fiscal year 2024 (April-June 2024), ONE also significantly raised its net profit forecast for the fiscal year 2024 to $2.745 billion from the previous $1 billion.
According to preliminary figures, Maersk had unaudited revenue of $12.8bn in the second quarter, earnings before interest, tax, depreciation and amortisation of $2.1bn and earnings before interest and tax of $756m.
In addition, Maersk also expects the global container market to grow by 4% to 6% in 2024, higher than the previous forecast of 2.5% to 4.5%, but given the tension in the Red Sea, the market is still more unpredictable.
It is worth noting that in addition to Maersk, a number of liner companies such as Hapag-Lloyd and ONE are also optimistic about the market prospects and have successively raised their full-year profit expectations for 2024.
On July 9, after announcing preliminary earnings data for the first half of 2024, Hapag-Lloyd raised its full-year earnings forecast for 2024, predicting full-year EBITDA of $3.5 billion to $4.6 billion and EBIT of $1.3 billion to $2.4 billion.
"With recent strong demand in the market and higher than expected short-term freight rate increases, we believe earnings momentum in the second half of the year is likely to exceed our previous expectations," Hapag-Lloyd explained.
In addition, in view of the excellent performance in the first quarter of the fiscal year 2024 (April-June 2024), ONE also significantly raised its net profit forecast for the fiscal year 2024 to $2.745 billion from the previous $1 billion.
