APMM Q2 2023 Financial Results

Highlights Q2 2023 Ocean Revenue decreased by 50% to USD 8.7bn, mainly due to 51% lower freight rates coupled with a volume decrease of 6.1%, as the normalisation in the Ocean industry continued from the 2022 peak EBIT decreased by USD 7.3bn to USD 1.2bn driven by the decrease in revenue, partly offset by lower operating costs which decreased by USD 1.3bn 13 APMM Q2 2023 Financial Results Development in EBIT (USDM) and EBIT margin (%) 10,000 50% 8,000 40% 6,000 30% 4,000 20% 2,000 10% 0 0% ទស Q2 Q3 Q4 Q1 21 21 21 22 222 222 Q2 Q3 Q4 Q1 22 22 22 23 23 222 Q2 EBIT EBIT margin Q2 2023 (USDM) Q2 2022 (USDm) Revenue EBITDA 8,703 17,412 2,259 9,598 EBITDA margin 26.0% 55.1% EBIT 1,205 8,526 EBIT margin 13.8% 49.0% Gross capital expenditures 314 517 MAERSK

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