May 06, 2021 02:47 AM (GMT+8) · EqualOcean
Maersk achieved a record first quarter performance with outstanding growth in revenue, EBITDA and EBIT indicators. In the first quarter, revenue increased by 30% to US $12.4 billion, benefiting from 31% growth in shipping and 42% growth in logistics and services. In the first quarter, EBITDA increased to US $4 billion, of which shipping increased by 85%, and EBITDA profit margin increased to 32.5%; In the first quarter, EBIT increased to US $3.1 billion, thanks to the significant improvement of EBITDA, with a profit margin of 24.9% (previously 5.8%). Maersk announced that it will speed up the implementation of the remaining $1.1 billion share buyback in accordance with the established plan, which is expected to be completed by September, followed by an additional $5 billion share buyback plan, which is expected to be completed within two years.