Feb 6, 2025, 12:00 AM
Feb 6, 2025, 12:00 AM
Maersk reports strong profit growth despite economic uncertainties
- Maersk reported a 9% increase in stock shares after announcing its fourth-quarter results.
- Earnings before interest, depreciation, taxes, and amortization rose 26% to $12.13 billion for the full year.
- Despite potential challenges, the company maintains an optimistic outlook for 2025.
In early February 2025, Maersk, a prominent shipping company, announced better-than-expected fourth-quarter results that led to a significant boost in share prices. The company reported a 9% rise in its stock which marked its best daily performance since 2020. For the full year, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reached $12.13 billion, reflecting a notable increase of 26% compared to previous years, with fourth-quarter earnings alone hitting $3.6 billion, surpassing analysts' expectations of $3 billion.
Opinions
You've reached the end