APMM Q3 2023 Financial Results
22
22
Third quarter 2023
Towage & Maritime Services.
Development in EBIT (USDM) and EBIT margin (%)
⚫ US Marine Management Inc (USMMI) divestiture
completed in Q3 2023 with a net gain on sale
before taxes of USD 94m
Revenue decreased to USD 483m (USD 591m)
mainly due to the divestment of Maersk Supply
Services, contraction in Maersk Container
Industries partly offset by increased activity in
Svitzer
EBIT increased to USD 194m (USD 100m) driven
primarily by gain on sale of U.S. Marine.
Management and gain from sale of shares of
Höegh Autoliners AS
150
100
50
Revenue
EBITDA
EBITDA margin
EBIT
APMM Q3 2023 Financial Results
200
40%
30%
20%
10%
0
0%
-50
-10%
-100
-20%
-150
-30%
Q3 21
Q4 21 Q1 22
Q2 22
EBIT
Q3 22 Q4 22 Q1 23
EBIT margin
Q2 23
Q3 23
Q3 2023 (USDm)
Q3 2022 (USDm)
483
591
90
127
18.6%
21.5%
194
100
EBIT margin
40.2%
16.9%
Gross capital expenditures
60
58
MAERSKView entire presentation