APMM Q2 2023 Financial Results
Key statements
Financial highlights of Q2 2023
•
Robust second quarter results, reflecting expected volume and rate
development supported by strong cost control
⚫ Q2 EBITDA decreased to USD 2.9bn, generating a margin of 22.4%, while
•
EBIT decreased to USD 1.6bn reflecting a margin of 12.4%
Net profit after tax for the second quarter of 2023 was USD 1.5bn
compared to USD 8.6bn (Q2 2022) and USD 2.3bn (Q1 2023)
Revenue
13.0bn
(-40.0%)
EBIT
1.6bn
(-82.1%)
Q2 2023, USD
EBITDA
2.9bn
(-71.9%)
Free cash flow
1.6bn
(-76.9%)
•
Free cash flow of USD 1.6bn, driven by lower cash flow from operating
activities
Cash returns to shareholders* were USD 2.4bn during the quarter, which
included USD 1.5bn of withholding tax paid out
⚫ Net cash position of 7.1bn in Q2, supporting planned growth and share
buyback plans
ROIC, LTM
34.3%
(-28.2ppts)
NIBD (USD)
-7.1bn
(improvement of 3.7bn)
*includes both dividends and share buybacks
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APMM Q2 2023 Financial Results
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