Maersk Line reports operational improvements
Through lower costs and supported by an increase in the average freight rate, Maersk Lines result is above from previous expectations
Maersk Line expects a result for 2014 above USD 2 billion a specification from previous expectation of significantly above 2013 (USD 1.5bn) based on good Q3 performance. The global demand is now expected to grow by 3-5% (previously 4-5%).
Maersk Line made a profit of USD 685 million (USD 554m) and a ROIC of 13.5% (10.9%) in the 3rd quarter 2014. The improvement was achieved through lower costs and supported by an increase in the average freight rate. In line with the market it increased volumes by 3.7% vs. Q3 2013. Cash flow from operating activities was USD 1.0 billion (USD 1.3bn) and cash flow used for capital expenditure was USD 483 million (USD 491m) leaving a free cash flow of USD 546 million (USD 768m).
Maersk Line took delivery of three Triple-E container vessels and sold one vessel for scrapping in Q3 2014. By the end of September the fleet consisted of 272 owned vessels (1.7m TEU) and 308 chartered vessels (1.1m TEU).
www.maersk.com
Quelle: LogEastics
Portal: www.logistik-express.com