Independent journal on economy and transport policy
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In first trimester A.P. Møller-Maersk has recorded an increment of the loss from the running activities
Skou: the part of business of the marine transport, in particular. it has given turned out unsatisfactory
May 17, 2018
Shipowning group Danish A.P. Møller-Maersk has closed the first trimester of this year with revenues pairs to 9,25 billion dollars, with an increment of +30% regarding 7,10 billion dollars in the first trimester of the 2017 (figure, this last one, to clearly of the volume of transactions of 1,97 billion dollars realized from the activities of the group in the energetic field that in the course of the 2017 is classified as destined activities to the dismissione). The remarkable rise of the revenues is effect of the contribution of Hamburg Süd (included the Aliança brand), company of German navigation that the Danish group is integrating in own organization after to have at the end obtained last year all the necessary authorizations to the fusion(on 30 November 2017). Al clearly of the revenues generated from the activity of Hamburg Süd the increment of the turnover of the A.P. Møller-Maersk recorded in the first three months of this year turns out of +10%.
The budget of the first trimester of 2018 of the Danish group last year shows an EBITDA of 669 million dollars (+5%) and an operating result of sign negative and pairs to -3 million dollars respect to a positive EBIT for 70 million dollars in the first trimester. The result before taxes is of sign negative and pairs to -123 dollars respect to a result before the taxes also it of sign negative for -63 million dollars in the first three months of 2017. The profit clearly is piled to 2,76 billion dollars regarding 253 million dollars in the first trimester last year, hard increment that has had to the recording in the first three months of 2018 of proceeds for 2,98 billion euros deriving from the destined activities to the dismissione. The economic result clearly from the running activities is of sign negative and par to -239 million dollars respect to a correspondent loss of -139 million dollars in the first trimester last year.
In the single segment of the marine transport, in which the Danish group work mainly with the brand Maersk Line, the revenues have been attested to 6,8 billion dollars, with an increase of +38% regarding 5,0 billion dollars in the first three months of 2017, increase that turns out of +9% excluding the contribution of Hamburg Süd. The EBITDA has turned out of 492 million dollars regarding the 484 million one last year, turned out - it has specified the Danish group - that quickly has the impact of the rise of the transport unitary costs, of the increase of the price of the fuel and the effect of the monetary changes. For the single Hamburg Süd the EBITDA has turned out of 88 million dollars. In the first three months of this year the unitary costs expressed in dollars for every container from 40 ' (feu) transported have turned out of 1.895 dollars regarding 1.745in the first trimester of 2017, the average cost of the bunker have turned out of 382 dollars/ton regarding 320.
To signal that in the elaboration of the introduced quarterly data from the Danish group, with variations regarding the budgets precedence that returns the comparazione difficult, in the first trimester of 2018 in the results of the Ocean division, that it groups the marine activities of the group operated with the marks Maersk Line, MCC, Seago Line, Sealand, Hamburg Süd and Aliança, are included those of managed the harbour terminals hub from the Danish group, that is the terminals of transhipment that the group manages through branch Dutch APM Terminals in the ports of Algeciras, Port Saïd, joint venture Rotterdam and Tanger Med let alone through in the ports of Bremerhaven, Salalah and Tanjung Pelepas. Moreover by the budget of the division revenues and costs of the connected activities of terrestrial transport are excluded that are chargeed to the division Logistics & Services.
In the first three months of this year the fleet of portacontainer of the Ocean division has transported altogether 3,22 million feu regarding 2,60 million in the same period of 2017 (to clearly of the contribution of Hamburg Süd the increase has been of +2.2%, inferior - it has specified the group - regarding the previewed increase of the question that it is of the +3-4% about). The medium hire for transported container feu has been of 1.832 dollars regarding 1.713 in the first three months last year.
The single division division Logistics & Services has recorded revenues pairs to 1,5 billion dollars, with an increase of +6% regarding 1,4 million dollars in the first trimester last year, and an EBITDA of 23 million dollars regarding the 32 million one last year. The Danish group has announced that the total volume of containerized shipments realized in the first three months of 2018 from the division has been pairs to 145,7 million teu and that of air shipments to 40 thousand tons, against respective 166,3 million teu and 45 thousand tons in the first trimester last year.
In the field Terminals & Towage, that gateway of the group and the activities of towing includes the activities of the harbour terminals operated by the Svitzer brand and that - with the section Manufacturing & Others - constitutes one of the new four divisions of business in which the group has reorganized own activities, the volume of containerized trade - which counted from A.P. Møller-Maersk based on the number of handlings correlated to the quotas shareholding in the several terminals - it has been pairs to 4,0 million unit regarding 3,7 million handlings in the first three months last year.
"In the first trimester of 2018 - it has evidenced the A.P managing director. Møller-Maersk, Søren Skou, commenting the quarterly results of the Danish group - we have recorded an increase of 30% of the revenues and integration of the activity is proceeding well with the success of the inclusion of Hamburg Süd and with the completion to March of the relative transaction to Maersk Oil that has carried a accounting capital gain of 2,6 billion dollars. Meanwhile - however it has specified Skou - relatively to the performances in the short term, the part of business of the marine transport, in particular. it has given turned out unsatisfactory". Skou has specified that the group is implementing measures in the short term in order to increase the profit and has confirmed the forecasts for the entire exercise anniversary 2018.
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