Maersk expects provide chain issues to ease this yr

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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.

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