Maersk Investor Presentation Deck
Logistics & Services - highlights Q4 2019
Improved gross profit, EBIT conversion impacted by one-offs
• The gross profit margin improved by 4.5%-points to 22.0%,
mainly due to improved margins in intermodal, given the
conscious decision to reduce presence in less profitable regions,
and improvements in warehousing & distribution and custom
house brokerage.
21
The improvement in gross profit was offset by negative one-offs
related to restructuring costs and impairments.
Volumes and gross profit in SCM declined slightly, mainly due to
frontloading in Q4 2018.
Damco Freight Forwarding realised lower volumes within air and
sea freight forwarding impacted by general weaker demand
compared to the strong quarterly development last year.
Annual Report 2019
Gross profit improved by 14%
to USD 310m (USD 272m)
Volumes in SCM decreased by
1.3%
SG&A and other cost
increased to USD 278m (USD
248m)
EBIT conversion ratio = EBIT / Gross profit
EBIT conversion ratio was
negative 22% (-5.1%)
Air and sea freight forwarding
volumes declined 12% and
18%, respectively
Direct cost declined to USD
1,101m (USD 1,285m)
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