Decided worsening of the economic performances of shipowning group Danish A.P. Møller-Mærsk



Shipowning group Danish A.P. Møller-Mærsk has closed the first trimester of this year with an emphasized bending of the economic results. The period has been archived item with a profit clearly of 224 million dollars, down of the -86% regarding 1,57 billion dollars in the first three months of 2015. The revenues have recorded a remarkable contraction (- 19%) being piled to 8,54 billion dollars regarding 10,55 billion dollars in the first trimester last year. The operating profit has been pairs to 11 million dollars, decreasing of -73%.

To the reduction of clearly quarterly the economic result of group it has contributed to the worsening of the performances in almost the totality of the Cores A.P business. Møller-Mærsk, with the exception of the division Maersk Drilling, that it supplies mainly services of perforation to the oil companies, that has totaled a profit clearly of 222 million dollars (+32%), and the company Maersk Tankers, than work the fleet of ships oil tankers and product tanker of the group, that has recorded a profit clearly of 48 million dollars (+33%). 2 million dollars are incurred in clearly quarterly an economic result of sign negative the branch Maersk Supply Services (- respect to a profit clearly of 38 million in first trimester 2015), than work a fleet of beyond 60 naval means to service of the offshore industry, and the branch Maersk Oil, than it takes care of the activities of extraction in the field of the oil and the gas, that it has concluded the first trimester with a net loss of -29 million dollars respect to a profit clearly of 208 million dollars in the first three months last year.

Maersk Line, the company that work the services of containerized marine transport of the group, has brought back turned out clearly inferior regarding the first trimester last year having closed the period with a profit clearly of 37 million dollars, with a decrease of the -95% regarding 714 million dollars in the first three months of 2015. The revenues are dropped of the -20% to 4,97 billion dollars and EBITDA and EBIT have been attested respective to 486 million dollars (- 60%) and 16 million dollars (- 98%). To the reduction of the volume of transactions it has mainly contributed the bending of the hires, with a medium hire for container from 40 ' (feu) that in the first three months of 2016 it has turned out pairs to 1.857 dollars, inferior of the -25,5% regarding 2.493 dollars in the first trimester last year. The transported containerized volumes from the fleet of Maersk Line instead are increased of +7.0% being are pairs almost 2,4 million feu. To signal that the average price of the fuel has turned out almost halved regarding last year being is pairs to 178 dollars for ton regarding 358 dollars in the first trimester of 2015. The company has announced that the unitary costs for container have recorded an improvement of 16%, also thanks to the decrease of the cost of the fuel, being turned out pairs to 2.060 dollars/feu regarding 2.449 dollars/feu in the first trimester of 2015.

At the end of the first trimester of this year the fleet of Maersk Line was constituted by 605 portacontainer for a hold ability total 2.992.000 pairs to container from 20 ' (teu), with an increment of +2.2% on on March 31, 2015. The property ships are 287 (abilities the 1.848.000 teu) and ships rental 318 (1.144.000 teu).

Also branch Dutch APM Terminals, that it manages the harbour terminals of the group, has shown economic performance in decided decrease regarding last year. The company clearly has archived item the first trimester of 2016 with a profit of 108 million dollars on revenues for 962 million dollars, with decreases respective of the -43% and the -15% on the correspondent period last year. EBITDA and EBIT have been pairs to 164 million dollars (- 25%) and 123 million dollars (- 43%).

In the first three months of this year the terminals of APM Terminals have enlivened a traffic of the container pairs to 8,7 million teu, with a decrease of the -5% about regarding 9,1 million teu in the same period of 2015. The society has specified that the reduction has been effect mainly of the cessation of own activities in the American ports of Charleston, Jacksonville and Houston to half last year and from the cession of the participation in the terminalista society Medcenter Container Terminal (MCT) of the happened port of Gioia Tauro last August ( on 10 August 2015), effect that partially is compensated by the acquisition of the Spanish Grup completed Marítim TCB last March ( on 9 March 2016).