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Investing.com -- AP Moeller - Maersk A/S B (CSE:MAERSKb) reported stronger-than-expected first-quarter results on Thursday, with operating profit beating analyst forecasts and full-year guidance left unchanged.
The Danish shipping giant posted EBITDA of $2.71 billion for the first quarter, a 70% increase from $1.59 billion a year ago. The result topped analyst expectations of $2.57 billion, according to a poll by LSEG.
“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.
“With trade tensions flaring up and uncertainty on the rise, global supply chains are once again in the spotlight," he added.
Maersk reaffirmed its 2025 profit forecast, projecting EBITDA between $6 billion and $9 billion. However, it now expects global container market volume growth to range from -1% to 4%, citing “increased macroeconomic and geopolitical uncertainty.”
The company also noted that Red Sea disruptions are likely to persist for the remainder of the year.