APMM Q3 2023 Financial Results
Logistics & Services - Third quarter 2023
Lower rate effect continues
•
.
Managed by Maersk revenue decreased by USD 142m to USD 586m
(USD 728m) with EBITA margin improving to 18% (10%)
Fulfilled by Maersk revenue decreased by USD 66m to USD 1.3bn
(USD 1.4bn), driven by lower volumes and rates in Warehouse and
Distribution, Middle Mile and E-commerce in North America and
partly offset by growth from LF Logistics. EBITA margin was -2%
(3%)
Revenue, USDM
Managed by Maersk
- growth %
Q3 2023
Q3 2022
586
728
(20)%
Fulfilled by Maersk
1,327
1,393
-growth %
(5)%
Transported by Maersk
1,604
2,061
- growth %
(22)%
Total
3,517
4,182
(16)%
- growth %
.
19
Transported by Maersk revenue decreased by USD 457m to USD
1.6bn (USD 2.1bn), due to lower rates in Air, LCL and Inland,
particularly in North America and Europe. EBITA margin was 6%
(8%)
APMM Q3 2023 Financial Results
USDM
Q3
2022
M&A Organic Q3
impact impact 2023
Revenue
4,182
235
-901
3,517
Growth %
6%
-22%
EBITA
295
9
-125
179
MAERSKView entire presentation