Shipping giant reports on good start to the year despite an “increasingly volatile environment”
AP Moller-Maersk has released its results for the first quarter of 2025 (Q1), reporting year-on-year revenue growth of 7.8 per cent to US$13.3bn with EBIT increasing to US$1.3bn from US$177mn.
The shipping group said that the results, while sequentially down as expected, represented a “good start to the year”.
They were driven primarily by solid profitability in its ocean segment, operational improvements in logistics and services, and higher volumes in terminals, it outlined.
Ocean saw revenue rise from US$8.009bn last year to US$8.910bn, with the segment’s EBITDA up to US$1.903bn from US$9956mn.
”We delivered strong results compared to the same quarter last year, driven by momentum in our operational efficiency and a global economy in good shape for the first three months,” explained CEO Vincent Clerc.
”With trade tensions flaring up and uncertainty on the rise, global supply chains are once again in the spotlight,” he continued. ”We are happy to be able to put the full strength of our product offering at our customers’ disposal.
”From the most reliable Ocean network to one of the best lead logistics and customs support teams, we are pulling every lever to help them make the best decisions for their business.
”At the same time, we are doubling down on the work underway on automation and cost management to remain fit for what lies ahead,” Clerc noted.
”These efforts give us the confidence to deliver a result in line with our guidance communicated in February.”
For the full year 2025, Maersk maintained its financial guidance despite increased uncertainty leading to a more cautious container volume growth outlook.
Underlying EBITDA is still expected to come in at US$6-9bn with underlying EBIT pegged at US$0-3bn.
The group added that the disruption in the Red Sea is expected to continue throughout the rest of the year.
