Maersk shipping giant actions jump 10% in profits despite commercial uncertainty

Maersk The actions jumped more than 10% after the shipping giant published best than expected Fourth quarter results On Thursday, putting the ongoing actions for their best daily performance since 2016.

Profit before interest, depreciation, taxes and amortization (EBITDA) increased 26% to $ 12.13 billion in the section of the whole year and reached $ 3.6 billion in the fourth quarter, exceeding the prognosis of $ analysts of $ 3 billion for the three -month period cited by Reuters.

“We saw a growth in the three segments. We also saw a rather strong price environment to the back of that growth and a certain shortage of capacity, so global trade continued to be strong allowed us to offer a very strong quarter,” CEO of Maersk Vincent Clerc said on Thursday “Europe Squawk Box” of CNBC.

“In a moment of very high macroeconomic uncertainties, we could be agile enough.”

The return to the growth of the profits follows a step in 2023, such as the impact of the global limitations of the supply chain Led a great spicy to record maximums In 2021 and 2022. Maersk Ebitda was $ 36.8 billion in 2022.

Maersk, whose performance is considered a checkether for commercial and growth tendencies, said that it sees Ebitda between $ 6 billion and $ 9 billion in 2025 and predicts that the global economy will expand this year, while the most interest rates Low stimulate demand.

In this perspective, Clerc told CNBC that “we will certainly see some normalization on the price side, but we still hope that the economy will pass with great force, with a growth of 4% expected in the market and in the negotiated volumes.”

JP Morgan analysts marked a stronger gain than expected of the fourth quarter driven by their ocean performance and terminals in a Thursday note, but said that the company’s perspective indicates that the key shipment of the oceanic load is “Directing losses” in the second half of half of the middle of the year.

Analysts also pointed out that the company had initiated a repurchase of shares of $ 2 billion “despite this negative dynamic.”

– Ganesh Rao de CNBC held this story.