Overview
- Maersk posted Q2 underlying EBITDA of $2.3 billion, up 7% year-on-year and beating analyst expectations of $1.97 billion.
- The company raised its full-year container volume growth outlook to 2–4%, up from a previous range of –1% to 4%.
- Full-year guidance was upgraded with EBITDA now forecast at $8–9.5 billion, EBIT at $2–3.5 billion, and projected free cash-flow losses narrowed to $1 billion.
- CEO Vincent Clerc said a Chinese manufacturing boom and strong exports outside the US drove resilient demand underpinning the earnings upgrade.
- Maersk expects Red Sea route disruptions to last through the end of 2025, and its shares jumped about 7% in after-hours trading.