BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - A.P. Moller - Maersk (AMKAF.PK, AMKBF.PK) reported that its share of second quarter profit was $1.4 billion compared to $8.6 billion, prior year. Underlying profit declined to $1.3 billion from $8.5 billion, last year.
Second quarter revenue decreased to $13.0 billion from $21.6 billion, prior year. Ocean revenue decreased to $8.7 billion from $17.4 billion, driven by a decrease in freight rates and loaded volumes.
For 2023, the company now expects EBITDA underlying in a range of $9.5 billion - $11.0 billion, revised from prior guidance range of $8.0 billion - $11.0 billion. EBIT underlying is now expected in a range of $3.5 billion - $5.0 billion, revised from prior guidance range of $2.0 billion - $5.0 billion.
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