Maersk Results Presentation Deck
A.P. Moller Maersk Group
- Interim Report 02 2015
Svitzer made a profit of USD 32m (USD 32m) and a ROIC of
11.6% (8.5%). The underlying profit was USD 30m (USD 27m).
Revenue decreased by USD 51m compared to same period last
year as a result of a substantially stronger USD, and because
salvage revenue was excluded after the salvage activities were
merged into a new company named Ardent on 1 May 2015.
Svitzer improved its operating margins and ROIC in harbour
towage compared to 02 2014 through pricing, productivity and
cost saving initiatives, despite facing industry overcapacity in
Europe and Australia, and a slowdown in the bulk trades.
Cost was USD 111m (USD 166m), with decrease seen primarily
from cost saving initiatives and lower salvage activity.
End of May, Svitzer acquired the Brazilian towage operator
Transmar thereby entering the sizeable Brazilian towage
market.
Cash flow from operating activities increased to USD 49m
(USD 28m) driven by higher operating result. Cash flow from
investing activities increased to USD 60m (USD 45m) due to
investments in the fleet to support new projects.
Contents
MAERSK TANKERS >
Maersk Tacoma, the first
of ten MR newbuildings
was delivered in April.
AER
MAERSK TACOMA
SINGAPORE
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