APMM FY & Q4 2023 Financial Results
Fourth quarter 2023
Logistics & Services
Development in EBIT (USDM) and EBIT margin (%)
8%
300
6%
200
Revenue decreased by 8.2% to USD 3.5bn
(USD 3.9bn) with organic revenue declining 10%. Retail
and Lifestyle sectors continued to be challenged,
4%
100
especially in North America
2%
•
Impact from lower rates in Air, Warehouse and
0
0%
Distribution and Inland transportation services
Q4 21
Q1 22
Q2 22
Q3 22
Q4 22 Q1 23 Q2 23
Q3 23
Q4 23
.
•
EBIT was USD 60m incl. restructuring charges of
USD 33m, generating an EBIT margin of 1.7%, down
1.9pts vs Q4 22
Profitability decreased compared to Q4 22, as a result
of lower rates and partly offset by higher volumes
EBIT
EBIT margin
Q4 2023
Q4 2022
FY 2023
(USDM)
(USDM)
(USDM)
FY 2022
(USDM)
Revenue
3,542
3,860
13,916
14,423
Gross Profit
1,050
1,029
4,222
3,706
EBITDA
285
328
1,251
1,378
EBITDA margin
8.0%
8.5%
9.0%
9.6%
EBIT
60
139
446
814
EBIT margin
1.7%
3.6%
3.2%
5.6%
Gross capital expenditures
224
174
771
657
18
APMM FY & Q4 2023 Financial Results
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