Maersk expects supply chain turmoil to boost profits in 2022


Copenhagen — Maersk, a shipping group, said Wednesday that it expects revenues in 2022 to be about the same as last year, as supply chain turmoil that has skyrocketed freight rates extends into the first half of the year.

Interest, taxes, depreciation, and earnings before interest (EBITDA) are expected to be around $ 24 billion this year, as they were last year, but analysts predicted 24.4 billion in polls collected by the company. It is slightly below the dollar.

Its share fell about 2% in early trading and fell 11% after reaching a record high in mid-January.

Maersk’s customers faced “serious challenges,” but the record highs caused by pandemic-related congestion at the port, container shortages, and surges in consumer demand were “record high growth for Maersk. And profitability. In the statement.

He said current market conditions are expected to continue into the second quarter and will ease later this year.

Maersk, which processes about one-fifth of containers shipped worldwide, pays shareholders dividends totaling DKK 47 billion ($ 7.2 billion), or 1 Increased to 2,500 crowns per share.

The company reiterated its fourth-quarter preliminary results announced on January 14, stating that a 4% reduction in container volume was offset by an 80% year-on-year improvement in fares.

Maersk said last month that it was overtaken by the Swiss-based container group MSC as the world’s largest shipper.

Also on Wednesday, Danish logistics company DSV predicted that continued supply chain disruptions would boost profits this year.

Reuters

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