group A.P. Møller-Mærsk has closed 2016 with a net loss of -1,9 billion dollars



Shipowning group Danish A.P. Møller-Mærsk has closed the fourth trimester of 2016 with an important accentuation of the trend of bending of the quarterly economic results in existence from by now two years. The period has been archived item with a net loss of -2,68 billion dollars respect to a net loss of -2,51 billion dollars in the period October-December of 2015. The revenues are diminished of the -2,6% coming down to 8,89 billion dollars. The EBITDA is piled to 1,50 billion dollars (- 7.6%) and the operating result has been of sign negative and pairs to -2,18 billion dollars respect to an operating result of sign negative for -2,70 billion dollars in the last trimester of 2015.

In the fourth trimester of the 2016 single Maersk Line, the navigation company that work the containerized marine services of the group, has recorded revenues pairs to 5,32 billion dollars, with an increase - the first after seven consecutive trimesters of bending of the volume of transactions - pairs to +2.4% regarding the same period of 2015. The EBITDA is dropped of the -2,8% to 349 million dollars. EBIT and economic result clearly have been both of sign negative and pairs respective to -136 million and -146 million dollars regarding results they also of sign negative for -138 million and -182 million dollars in the last trimester of 2015. In the fourth trimester last year the fleet of portacontainer of the company has transported cargo volumes pairs to 2,7 million container feu, with a progression of +12.4%. The medium hire for container from 40 ' has turned out pairs to 1.804 dollars (- 7.1%).

Dutch APM Terminals, the company that manages the container terminal of the group, last year has archived item the last trimester with revenues pairs to 1,09 billion dollars (+6.1%). The EBITDA has been attested to 214 million dollars (+7.5%). The operating profit and the profit clearly are diminished respective of the -0,7% and the -32,0% to 158 million and 87 million dollars. In the quarter October-Decembers of the 2016 harbour terminal of the society have enlivened a traffic pairs to 9,7 million container teu, with an increase of +10% about on the same period of the year precedence.

In the entire exercise anniversary 2016 group A.P. Møller-Mærsk has totaled revenues pairs to 35,46 billion dollars, with a contraction of the -12,0% on the exercise precedence. The EBITDA has been pairs to 6,78 billion dollars (- 25.4%). The EBIT has been of sign negative for -226 million dollars respect to an operating profit of 1,88 billion dollars in 2015. Of sign negative also the result clearly that the Danish group has defined "unsatisfactory" being itself is attested to -1,90 billion dollars respect to a profit clearly of 925 million dollars in 2015.

In entire the 2016 fleet of portacontenitori ships of Maersk Line it has transported cargo volumes pairs to 10,4 million container feu (+9.4%). The medium hire for feu has turned out pairs to 1.795 dollars (- 18.7%). After four exercises archived item anniversaries in profit, in the 2016 company of navigation he has recorded a net loss that has been pairs to -376 million dollars respect to a profit clearly of 1,30 billion dollars in 2015. The revenues are diminished of the -12,7% to 20,71 billion dollars and the EBITDA is come down of the -54,1% to 1,52 billion dollars. The operating result has been of sign negative for -396 million dollars respect to an operating profit of 1,43 billion dollars in 2015.

Last year the managed harbour terminals from APM Terminals have enlivened a containerized trade pairs to 37,3 million teu, with an increase of +3.6% on 2015. The society has concluded the exercise anniversary 2016 with a profit clearly of 438 million dollars (- 33.0%) on revenues pairs to 4,18 billion dollars (- 1.5%). EBITDA and EBIT have turned out pairs respective to 764 million dollars (- 9.6%) and 587 million dollars (- 22.8%).

"2016 - the A.P managing director has commented. Møller-Mærsk, Søren Skou - it has been a difficult year from the economic point of view, with unfavorable courses in all our markets. However it has been also a year in which we have decided to transform A.P considerable. Møller-Mærsk in sight of the future". Last September, in fact, the group has announced that the activities in the field of the energy will come scisse from those of the transport and the logistics that constitute in Core business of the company (inforMARE on September 22, 2016). "We have defined a new course - Skou has explained - than in the next few years will carry A.P. Møller-Mærsk to become a company focused on the containerized marine transport, the logistics and the ports, with the scope to newly make to grow the returns".

Skou has evidenced moreover that on the result of exercise 2016 they weigh total adjustments of value for 2,7 billion dollars in Maersk Drilling and Maersk recorded Supply Service as a result of an excess of offer and the previewed reduction of the question in the long term.

Søren Skou has specified that the priorities of the group for the 2017 are integration of the activities in the segment Transport & Logistics, the cost reduction in APM Terminals and Damco, the prosecuzione of the search of structural solutions for the activities in the oil field and the realization of the acquisition of the company of German navigation Hamburg Süd, operation this last one for which at the end last year a preliminary agreement has been undersigned (inforMARE on December 1°, 2016).

Skou has specified that the group previews to close exercise 2017 with a profit to clearly of the extraordinary members advanced to that of 2016 and with an improvement of the result clearly of Maersk Line pairs to beyond a billion of dollars.

While Michale Pram Rasmussen has announced that lascerà the charge of chairman of A.P. Møller-Mærsk in occasion of the assembly anniversary of the society in program next 28 March. The board of directors of the company will propose the election of Jim Hagemann to chairman of the Danish group.