Sky_Blue/iStock Not published via Getty Images
Carrier AP Moller-Maersk (OTCPK:AMKBY) (OTCPK:AMKBF) high orientation Annual profit and market demand forecasts will be published on Thursday for the third time in two months, partly due to disruptions to Red Sea trade routes.
Maersk (OTCPK:AMKBY) (OTCPK:AMKBF), considered a barometer of global trade, said it now expects global container market volumes to rise by 4% to 6% this year, up from its previous forecast of growth at the upper end of a 2.5% to 4% range, although it cautioned that visibility on supply and demand in the fourth quarter is unclear and the Red Sea situation is unpredictable.
The company also forecast full-year underlying EBITDA of $9 billion to $11 billion, up from its previous guidance of $7 billion to $9 billion, and underlying EBIT is now estimated to be $3 billion to $5 billion from $1 billion to $3 billion previously; free cash flow is expected to reach at least $2 billion, up from previous guidance of at least $1 billion.
But the actions -0.7% in Copenhagen trading, after saying preliminary second-quarter revenue came in at $12.8 billion, with underlying EBITDA of $2.1 billion and underlying EBIT of $756 million, compared with the FactSet analyst consensus of revenue of $13.06 billion, underlying EBITDA of $2.26 billion and underlying EBIT of $841 million.
