COPENHAGEN (Reuters) -Shipping group A.P. Moller-Maersk on Thursday reported first-quarter operating profit above expectations and kept its full-year profit guidance unchanged.
“We delivered strong results compared to the same quarter last year, driven by momentum in our operational efficiency and a global economy in good shape for the first three months,” CEO Vincent Clerc said in a statement.
“With trade tensions flaring up and uncertainty on the rise, global supply chains are once again in the spotlight,” he said.
Maersk said its EBITDA rose 70% year-on-year to $2.71 billion in the first three months of the year, compared with $2.57 billion expected by analysts in an LSEG poll.
The company still expects EBITDA this year of between $6 billion and $9 billion.
(Reporting by Jacob Gronholt-Pedersen, editing by Terje Solsvik)
