Maersk’s first-quarter performance aligned with the company’s expectations, reflecting a notable earnings rebound from Q4 2023.
The positive results were propelled by Terminals’ solid performance and a confluence of factors including increased demand and the ongoing Red Sea crisis, according to the statement.
With these conditions anticipated to persist through the latter half of the year, Maersk has adjusted its guidance range, now anticipating underlying EBIT in the range of US$ -2 to 0 billion.