Maersk Results Presentation Deck
Maersk Group
- Interim Report 03 2015
= Contents
delivered improvements in both revenue increase and cost
savings of approximately USD 50m in Q3 2015 to the bottom
line; however the impact from the adverse market conditions
was only partly mitigated.
The share of profit in joint venture and associate companies
increased compared to last year to USD 64m (loss of USD 6m),
mainly caused by the USD 52m impairments in joint venture
companies in Q3 2014.
Although certain tax incentives have expired since Q3 2014,
the effective tax rate decreased to 14.6% (32.3%) due to lower
profits in terminals with a relatively high tax rate. The 2014
tax includes tax on the sale of APM Terminals, Portsmouth,
Virginia, USA.
Cash flow from operating activities of USD 224m (USD 318m)
developed in line with the operational results. Cash flow used
for capital expenditure in the quarter increased to USD 172m
versus a net cash inflow of USD 570m in Q3 2014 due to the sale
of APM Terminals Virginia in Q3 2014.
APM TERMINALS
Emma Maersk at berth under
super post Panamax cranes at
APM Terminals Algeciras, Spain.
14/40View entire presentation