Maersk Investor Presentation Deck
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Highlights Q4 2019
Logistics & Services
Revenue declined 9.4%, impacted by
extraordinary volumes in Q4 2018 due to
front-loadings ahead of expected tariffs
between China and US in most products.
Gross profit increased by 14% and with a
positive trend in margin throughout the year,
positively impacted by intermodal,
warehousing & distribution and acquisition of
Vandegrift.
EBITDA of USD 32m increased by 33% and
margin improved slightly to 2.3% (1.5%).
Baseline for 2018 was negatively affected by
high maintenance cost in Star Air.
Announcement of the acquisition of
Performance Team.
20
Annual Report 2019
Development in gross profit and gross profit margin (%) 6
400
350
300
250
200
150
100
50
0
18.4%
Q1 18
Revenue
Gross profit
EBITDA
EBITDA margin
Gross capital
expenditures
19.1% 18.7%
Q2 18
Q4 2019
(USDm)
1,411
310
32
2.3%
66
17.5%
Q3 18 Q4 18
Gross profit
18.9%
16
Q4 2018
(USDM)
1,557
272
24
1.5%
20.1%
Q1 19 Q2 19
Gross profit margin
FY 2019
(USDm)
5,965
1,218
238
4.0%
128
20.7%
TI
22.0% 25%
Q3 19
Q4 19
FY 2018
(USDM)
6,082
1,121
191
3.1%
47
20%
15%
10%
5%
0%
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