APMM Q3 2023 Financial Results
Guidance
Full-year 2023 financial guidance
.
APMM now sees global container volume growth in the range of
-2% to -0.5% compared to -4% to -1% previously. APMM expects
to grow in-line with the market
Full-year 2023 financial outlook: A.P. Moller-Maersk maintains
its outlook ranges but now expects results towards the lower
end of the previously communicated ranges of underlying
EBITDA of USD 9.5 - 11.0bn and underlying EBIT of USD 3.5 -
5.0bn. Guidance for free cash flow (FCF) of at least USD 3.0bn
remains unchanged
⚫ CAPEX is now expected at around USD 8.0bn for 2022-2023
(previously USD 9.0 - 10.0bn) and USD 8.0-9.0bn for 2023-2024
(previously USD 10.0 - 11.0bn)
10
Restructuring costs increased to USD 350m (previously USD
150m) of which the majority will be recognized in 2023. Total
cost savings in 2024 expected to be around USD 600m
APMM Q3 2023 Financial Results
EBITDA underlying
9.5-11.0
At lower end of range
USDbn
EBIT underlying
3.5-5.0
At lower end of range
USDbn
CAPEX guidance 2022-2023
~8.0
USDbn
Free cash flow
≥3.0
USDbn
CAPEX guidance 2023-2024
8.0-9.0
USDbn
MAERSKView entire presentation