APMM FY & Q4 2023 Financial Results
6
Highlights
Performing while transforming
Logistics & Services
Building for profitable growth
USDM
EBITDA
EBIT
Revenue
2,061
3,860
3,542
3,016
328
285
1,442
219
158
68
Q1'20
Q4'20
Q4'21
Q4'22
•
.
•
Transitional year with normalisation affecting
price and volumes following Covid-fuelled
boom of 2021-2022
Integration of recent acquisitions expanded
capabilities and coverage
New customer wins demonstrating solid
underlying demand for products
APMM FY & Q4 2023 Financial Results
Ocean
Effective cost management
Normalized to 100
Terminals
Resilient returns
Revenue (USDm) / ROIC (%)
1,089
999
1,019
202
872
184
12%
740
11%.
11%
8%
125
114
110
6%
100
108
5%
112
92
99
98
107
102
Revenue
Loaded volumes
Unit costs, fixed bunker*
Q4'23
Q1'20
Q4'20
Q4'21
Q4'22
Revenue
ROIC
Q4'23
Q1'20
Q4'20
Q4'21
ROIC excl. Impairment in Russia
Q4'22
Q4'23
Continued efforts on bringing costs down to
2019 levels eased headwinds from rapidly
increasing supply
Excellent asset utilisation with strong
schedule reliability
•
•
Minimal Q4 impact from Red Sea disruption
•
Fixed bunker price of 550 USD/FFE
Very strong performance despite
normalisation of storage revenue
Excellent cost containment, tariff increases
and high utilization resulted in ROIC (10.5%)
ahead of mid-term targets
Application of automation and lean methods
with potential for further uplift
MAERSKView entire presentation