APMM Q2 2023 Financial Results
Highlights Q2 2023
Logistics & Services
Development in EBIT (USDM) and EBIT margin (%)
Revenue decreased by 3% to USD 3.4bn (USD 3.5bn),
driven primarily by lower volumes in the Retail and
Lifestyle sectors, in particular in Asia Pacific and
North America
Additional impact from lower Air and Road freight
rates. Organic revenue declined 19.3%
EBIT was USD 115m (USD 234m), generating an EBIT
margin of 3.4%
EBIT decline was driven by lower volumes and lower
rates combined with an increased cost base
reflecting the larger footprint of the business
Revenue
Gross Profit
17
APMM Q2 2023 Financial Results
300
10%
250
200
150
5%
100
50
0
0%
Q2 21
Q3 21
Q4 21
Q1 22
Q2 22
EBIT
Q3 22
EBIT margin
Q4 22
Q123
Q2 23
Q2 2023 (USDm)
Q2 2022 (USDm)
3,386
3,502
1,045
892
EBITDA
311
337
EBITDA margin
9.2%
9.6%
EBIT
115
234
EBIT margin
3.4%
6.7%
Gross capital expenditures
223
286
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