Maersk’s revenue in the three months that ended 30 June increased by $7.4bn to $21.7bn. Credit: AP Moller-Maersk.

Benefitting from higher freight prices, Maersk has reported a strong performance in Q2 2022 and lifted its full-year outlook.

Its revenue in the three-month period that ended 30 June stood at $21.7bn, an increase of $7.4bn, or 52%, from $14.2bn in Q2 2021.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This growth was driven by revenue increases in the ocean, logistics and services, and terminal segments.

The Danish firm’s profits soared from $3.7bn to $8.6bn over the period.

Its earnings before interest, taxes, depreciation and amortisation (EBITDA) increased from $5.1bn to $10.3bn. Profit before financial items (EBIT) rose from $4.1bn to $9bn.

See Also:

Driven by improved cash flows from operating activities and higher capitalised lease instalments, Maersk’s free cash flow increased from $3.2bn to $6.8bn.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company’s revenue in the first six months of 2022 was $40.9bn, compared to $26.6bn in the same period last year. First half profit jumped 139% year-on-year to $15.4bn

During this time, EBITDA increased from $9.1bn to $19.4bn, while EBIT rose from $7.2bn to $16.3bn.

The company has now revised its free cash flow outlook for FY22 to more than $24bn. The earlier forecast was more than $19bn.

The outlook for annual underlying EBITDA has been lifted to nearly $37bn, from the earlier estimate of approximately $30bn, while that of underlying EBIT has been revised to nearly $31bn, from the previous forecast of almost $24bn.  

The company anticipates Q3 to be in line with Q2 but warns of weakening in the year’s final quarter.

Furthermore, it has raised the existing share repurchase programme for 2022-2025 by $500m to $3bn.

Maersk also stated that it is winding down its activities in Russia and will reach a complete exit from the country.

The company has discontinued all services to and from Russia and is in the process of divesting assets, which include a 30.75% stake in Global Ports Investments (GPI).