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Maersk Raises Full-year Earnings Guidance

Maritime Activity Reports, Inc.

November 17, 2020

© lazyllama / Adobe Stock

© lazyllama / Adobe Stock

Shipping group Maersk has raised its full-year earnings forecast, it said on Tuesday, citing increased momentum in fourth-quarter in global container volumes and freight rates.

The company now expects earnings before interest, tax, depreciation and amortization (EBITDA) before restructuring costs at $8 billion to $8.5 billion, up from a previous forecast of $7.5 billion to $8 billion.

(Reporting by Jacob Gronholt-Pedersen; Editing by David Goodman)

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