Maersk Expects At Least 84% Drop In 2023

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Credit: galen-crout-unsplash

AP Moller – Maersk reports its best ever profit of $30.9bn for 2022, but expects to make less than a fifth of that this year as the container shipping market softens.

Increased revenue

Maersk reported a consolidated EBIT of $30.86bn in 2022, up from $19.74bn in 2021. Revenues for 2022 were up 32% at $81.5bn compared to $61.79bn a year earlier.

“2022 was remarkable in more than one way. While we report the best financial result in the history of the company, we have also taken the partnerships with our customers to a new level by supporting their supply chains end to end during highly disruptive times,” commented Vincent Clerc, CEO of AP Moller – Maersk.