APMM Q3 2023 Financial Results
Third quarter 2023
Logistics & Services
Development in EBIT (USDM) and EBIT margin (%)
8%
300
6%
200
Revenue decreased by 16% to USD 3.5bn (USD 4.2bn)
with organic revenue declining 22%. Retail and
Lifestyle sectors continued to be challenged,
especially in North America
4%
100
2%
Additional impact from lower rates in Air and Road
transportation
0
0%
Q3 21
Q4 21
Q1 22
Q2 22
Q3 22 Q4 22 Q1 23
Q2 23
Q3 23
.
EBIT was USD 136m, generating an EBIT margin of
3.9%, up 50 bps sequentially
Profitability decreased compared to Q3 22, as a
result of lower rates and partly lower volumes
Revenue
Gross Profit
EBIT
EBIT margin
Q3 2023 (USDm)
Q3 2022 (USDm)
3,517
4,182
1,085
1,020
EBITDA
339
394
EBITDA margin
9.6%
9.4%
EBIT
136
258
EBIT margin
3.9%
6.2%
Gross capital expenditures
196
163
18
APMM Q3 2023 Financial Results
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