(Maersk) A.P. Moller-Maersk announced $14.2 billion revenue in the second quarter of 2021, a 60% increase from the same period last year driven by high container shipping rates.
The world’s largest container shipping company reported $3.7 billion in the second quarter profit, up from $443 million reported in the same period last year.
The ocean segment of the company increased the highest by $4.5 billion, driven by high freight rates and increasing volumes.
The first phase of A.P. Moller-Maersk share repurchases of an estimated $500 million was executed in the quarter, with the remaining $1.1 billion expected between May and September.
The company has upgraded the 2021 guideline to an EBITDA of $18-$19.5 billion, an EBIT of between $14 billion and $15.5 billion, and a projected cash flow of more than $11.5 billion.
MAERSK-B is down -0.72%.
