Categorized | Business, Finance

A.P. Moller Maersk Reports 5.2 billion USD Profit for 2014

Maersk 2014 profitA.P. Moller Maersk reported 5.2 billion USD profit in 2014, which is strong financial report mostly impacted by the sale of majority share of Danks Supermarked Group for 2.8 billion USD and other divestment gains worth at 600 million USD. Maersk Line also delivered higher than expected profit for the group amounting to 2.3 billion USD with higher volumes as well as lower unit costs and bunker prices. The underlying profit was also higher than expected and amounted to 2.2 billion USD.

“In line with expectations, the underlying profit increased by 33% to 4.5 billion USD compared to 3.4 billion USD from 2013 and the return on invested capital was 11% compared to 8.2% from 2013. We are very satisfied with the result for 2014 where we achieved the highest ever profit of 5.2 billion USD. Despite challenging market conditions we saw good progress in underlying performance across the Group”, commented the CEO of A.P. Moller Maersk Nils Smedegaard Andersen.

The APM Terminals also supported the financial report of the group for 2014, account a profit of 900 million USD, which is 22% higher than the result during the previous reporting period, when the profit was 700 million USD. The company supported their financial results with costs cut and improvement of the fleet. Also should not be negledged that company create an alliance with Mediterranean Shipping Co, which saved millions for the company and decreased the freight costs.

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