APMM FY & Q4 2023 Financial Results

Logistics & Services - Fourth quarter 2023 Lower rate effect continues Managed by Maersk revenue decreased by USD 130m to USD 479m (USD 609m), affected by lower rates in Lead Logistics and Customs, while EBITA margin increased to 16.9% (14.0%) Fulfilled by Maersk revenue decreased by USD 119m to USD 1.5bn (USD 1.6bn), driven by lower volumes and rates in Warehouse and Distribution (WnD), primarily in transportation and middle mile in North America, offset by strong WnD performance in Asia. EBITA margin was -4.0% (-1.1%) Transported by Maersk revenue decreased by USD 69m to USD 1.6bn (USD 1.7bn), mainly due to lower rates in Air. EBITA margin was 4.9% (5.6%) 19 APMM FY & Q4 2023 Financial Results Revenue, USDM Q4 Q4 FY FY 2023 2022 2023 2022 Managed by Maersk 479 609 2,168 2,491 - growth % -21% -13% Fulfilled by Maersk 1,450 1,569 5,452 4,916 -growth % -7.6% 17% Transported by Maersk 1,613 1,682 6,296 7,016 - growth % -4.1% -10% Total 3,542 - growth % -8.2% 3,860 13,916 -3.5% 14,423 USDM Q4 2022 M&A impact Organic impact Q4 2023 Revenue 3,860 59 -377 3,542 Growth % 2% -10% EBITA 183 7 -86 104 FY M&A Organic FY USDM 2022 impact impact 2023 Revenue 14,423 1,713 -2,220 13,916 Growth % 12% -15% EBITA 944 55 -380 619 MAERSK

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