Maersk delivers “solid” set of Q1 results

AP Moller-Maersk has revealed a first quarter (Q1) of 2023 in line with expectations, as revenue and earnings fell when compared with the same period of 2022.

The group said that continued destocking and easing of congestions implied lower volumes across all segments.

Revenue declined by 26 per cent to US$14.2bn from US$19.3bn and EBITDA decreased to US$4bn from US$9.1bn,

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