- Maersk’s EBIT surged by 65% in 2024, reaching $6.5 billion, driven by higher freight rates and container demand.
- Ocean, Logistics & Services, and Terminals all posted growth, with Terminals achieving record financial performance.
- Maersk announced a $2 billion share buyback and expects supply-demand imbalances in 2025.
A.P. Moller-Maersk delivered a remarkable financial performance in 2024, recording a 65% jump in EBIT as freight rates and demand surged. With strong earnings across Ocean, Logistics & Services, and Terminals, the company capitalized on market dynamics and maintained cost discipline. Additionally, dividends and share buybacks signaled confidence in its financial strength, despite the challenges posed by geopolitical shifts and macroeconomic uncertainties, reports Maersk.
Financial Performance & Profitability
Maersk’s EBIT soared to $6.5 billion, reflecting higher freight rates and strong market demand. The Ocean segment saw improved profitability, benefitting from cost discipline and high utilization.
CEO Vincent Clerc highlighted Maersk’s ability to adapt, stating, “Our ability to navigate shifting circumstances and ensure steady supply chains for our customers was put to the test throughout 2024. Our efforts were rewarded with record-high customer satisfaction.”
Strong Growth Across Ocean, Logistics & Terminals
The Logistics & Services segment posted a 7% revenue increase, with Warehousing, Air, and First Mile products driving momentum.
Meanwhile, Terminals achieved record EBITDA and EBIT, supported by strong volumes and an improved customer mix.
Maersk successfully offset inflationary pressures with higher storage revenue and operational efficiency, reinforcing its dominant market position.
Shareholder Returns & Investment Strategy
Maersk announced a DKK 1,120/share dividend with a solid balance sheet alongside a $2 billion share buyback program. The company returned $1.6 billion to shareholders in 2024, including $1.1 billion through the Svitzer spin-off.
These moves indicate a continued commitment to shareholder value while maintaining financial flexibility for future investments.
Market Outlook & 2025 Guidance
Maersk anticipates global container volume growth of 4% in 2025, though supply-demand imbalances remain a concern. Depending on market conditions and Red Sea disruptions, the company expects EBIT between $0 – $3 billion.
CAPEX guidance remains steady at $10-11 billion, ensuring strategic investments amid macroeconomic uncertainty. The reopening of the Red Sea and potential freight rate shifts will be key factors shaping its 2025 performance.
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Source: Maersk
