Maersk Investor Presentation Deck
Logistics & Services - highlights Q1 2020
Improved gross profit and EBIT conversion
• The gross profit margin improved by 2.7%-points to 21.2%,
supported by growth in profitable regions and the continued
margin optimisation in intermodal and higher profitability in
warehousing and distribution facilities in North America.
• The improvement in gross profit was partly offset by declining
profitability in supply chain management and in sea freight
forwarding negatively impacted by lower volumes caused by
COVID-19.
●
19
The EBIT conversion improved to 9.4% (6.1%) with positive impact
of SG&A cost savings, partly offset by tax and legal provisions.
Q1 2020 interim report
Gross profit improved 8.9%
to USD 306m (USD 281m)
Volumes in SCM decreased by
11%
SG&A and other cost
increased to USD 238m (USD
233m)
EBIT conversion ratio = EBIT / Gross profit
EBIT conversion ratio was 9.4%
(6.1%)
Air and sea freight forwarding
volumes both declined 18%
Direct cost declined to USD
1,136m (USD 1,240m)
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