Maersk expects provide chain issues to ease this yr

Date:


AP Moller-Maersk mentioned world provide chain woes ought to ease within the second half of this yr because the Danish container delivery group proposed a seven-fold enhance in its dividend and unveiled a $1.7bn logistics acquisition.

The world’s second-largest container delivery line by capability mentioned revenues rose by 55 per cent to $62bn final yr, whereas earnings earlier than curiosity, tax, depreciation and amortisation tripled to a document $24bn.

Maersk mentioned it anticipated provide chain issues to persist into the second quarter however that “a normalisation [should] happen early within the second half of the yr”, and added that it was concentrating on an ebitda of $24bn once more in 2022.

“Distinctive market circumstances led to record-high progress and profitability in AP Moller-Maersk, nonetheless it additionally led to provide chain disruptions and extreme challenges for our clients,” chief govt Soren Skou mentioned on Wednesday.

Maersk is proposing a dividend of DKr2,500 per share, up from DKr330 a yr earlier. It added that this represented a dividend yield of 10.7 per cent, an quantity Skou known as “actually distinctive”.

The group can be persevering with its push into land-based logistics to spice up its end-to-end providing to clients by shopping for Pilot Freight Providers within the US for $1.7bn.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Wells Fargo CTO joins Financial institution Automation Summit US 2023

Steve Hagerman, chief expertise officer at Wells Fargo,...

A Information for 2023 Tax Season Webinar — Q&A

In our current webinar, "A Information for 2023...

Monetary literacy 101: the one information you may want to start out managing your funds like a professional

Monetary literacy 101: the one information you may...

What Is A Listicle? Write One For Content material Technique Worth

These days, listicles typically get a nasty rap...
%d bloggers like this: