Maersk achieved revenue of 13.3 billion US dollars in the first quarter
On May 8th, Maersk announced its first-quarter results for 2025.
During the reporting period, Maersk achieved revenue of 13.3 billion US dollars, representing a year-on-year increase of 7.8%. Ebit rose significantly from $177 million in the same period of 2024 to $1.3 billion, representing a year-on-year growth of approximately 607.9%.
Maersk said that this was attributed to the stable profitability of its maritime business, the operational improvement of its logistics business, and the increase in cargo volume in its terminal business.
Meanwhile, the outstanding performance of the company's logistics business is mainly attributed to its diversified product portfolio and continuous optimization of costs and production efficiency. In addition, its terminal business has also maintained an outstanding performance, with a strong growth in cargo volume, and an increase in revenue per natural container and storage revenue. Meanwhile, automation and higher terminal utilization have effectively controlled costs.
VincentClerc, CEO of Maersk, said: "We have achieved better results than the same period last year, thanks to the improvement in operational efficiency and the strong performance of the global economy in the first three months of this year." With the intensification of trade tensions and the increase in uncertainty, the global supply chain has once again come into the spotlight. We are very glad to be able to leverage the advantages of our products to support our customers. From the highly punctual maritime network to the fourth-party logistics and customs support teams, we are mobilizing all resources to help our clients make the best business decisions.
He further emphasized that Maersk will intensify its efforts and continue to advance automation and cost management to prepare for the future.
Furthermore, through continuous optimization measures, Maersk's vessel utilization rate remains at a high level and costs are stable. The new east-west maritime service network launched by the "Twin Stars" Alliance was initiated in February 2025. It is expected that after full operation, the on-time rate target and cost-effectiveness can be achieved.
Despite the increasing uncertainty in the global market and the more cautious expectations for the growth of container cargo volume, Maersk's financial performance guidance for 2025 remains unchanged. It expects EBITDA to be between 6 billion and 9 billion US dollars and EBITDA to be between 0 and 3 billion US dollars.
Regarding the market outlook, Maersk analyzed that, given the increased macroeconomic and geopolitical uncertainties, the expected growth in the global container market's cargo volume has been adjusted to -1% to 4%. Maersk also expects that the disruption of the Red Sea shipping route will persist throughout 2025.