The Maersk group records a decided increment of the operating result



Shipowning group Danish A.P. Møller-Mærsk has closed the fourth trimester of the 2019 and entire year with net losses regarding consisting useful recorded in the correspondents periods of the year precedence, differences that are essentially attributable to the effect of the registration in budget which operating activities stopped of some segments of business between which the mainly activity of Maersk Oil, whose cession has been capacity to 8 term March 2018 and has determined the recording of extraordinary proceeds for 2,6 billion dollars in the annual budget 2018, and of Maersk Drilling, whose operation of division is put into effect 2nd April.

In the fourth trimester of the 2019 group it has totaled revenues pairs to 9,67 billion dollars, with a decrease of the -5,5% regarding 10,23 billion dollars in the correspondent period of the year precedence (amount, this last one, rideterminato mainly in order to take into consideration the effect of the implementation of accounting principles IFRS 16 from first January 2019 and of the inclusion of Maersk Supply Service as "continuing operations"). To the reduction of the volume of transactions it has contributed the decrease of the revenues of the Ocean division constituted mainly from the activities of the Maersk Line, the company of containerized navigation of the group that is world leader of the field concerning cargo ability of the fleet that on 31 December was pairs to 708 ships for an ability to 4,12 million teu (of which 307 ships of property for 2,21 million teu) regarding 710 ships for 4,01 million teu at the end of 2018 (of which 303 of property for 2,13 million teu). In the period October-December last year the revenues of the Ocean division are piled to 7,03 billion dollars, with a bending of the -3,4% on the same period of 2018, of which 6,15 billion produced from the activities of transport of goods (- 3.1%) and 887 million from other operations (- 5.3%).

In the last trimester of the 2019 Danish group it has recorded an EBITDA of 1,46 billion dollars (+1.0%), an operating profit of 342 million dollars (+23.5%), a profit before taxes of 130 million dollars (+136.4%) and a net loss of -61 million dollars respect to a profit clearly of 44 million dollars in the fourth trimester of 2018. The result clearly of the last trimester last year includes the impact negative of burdens for -61 million determined from the operating activities in exercise regarding useful correspondents for 520 million in the same period of 2018. The single Ocean division, although a decrease of the -4,1% of the operating costs come down to 5,93 billion dollars, have archived item the fourth trimester of 2019 with an EBITDA pairs to 1,09 billion dollars, with a decrease of -4,8%.

In the fourth trimester last year the fleet of portacontainer of the Ocean division has transported cargo volumes pairs to 3,29 million container from 40 feet (feu), with a bending of -1,8%), of which 1,57 million feu on the routes north-south (- 2.5%), 984 thousand feu on that East-West (- 5.7%) and 735 thousand feu on intra-regional routes (+6.1%). The medium hire for transported container feu has turned out pairs to 1.905 dollars (- 4.0%), while the average cost of the fuel has turned out of 395 dollars/ton (- 15.1%).

In the entire year the 2019 shipowning group has recorded revenues pairs to 38,89 billion dollars, with a decrease of the -0,9% on the exercise anniversary precedence, an EBITDA of 5,71 billion dollars (+14.3%), a EBIT of 1,72 billion dollars (+321.8%), a profit before taxes of 967 million dollars respect to a loss to gross of the taxes of -357 million in a 2018 and net loss of -44 million dollars respect to a profit clearly of 3,03 billion dollars in 2018. The result of 2019 includes the impact of burdens for -553 million from the operating activities stopped and of proceeds for 509 million from the operating activities in exercise regarding burdens for -755 million from the operating activities in exercise and proceeds for 3,79 billion from the operating activities stopped in 2018.

In the budget of the year the 2019 single Ocean division has enrolled revenues pairs to 28,41 billion dollars (+0.2%), of which 24,87 billion generated from the activity of transport of the goods (- 0.2%) and 3,55 billion from other operations (+3,15). The EBITDA has been attested to 4,36 billion dollars (+15.2%).

Last year the fleet of portacontainer of the group has transported volumes of cargo pairs to 13,27 million feu (- 0.1%), of which 6,36 million on the routes north-south (- 1.4%), 4,10 million on routes East-West (- 2.1%) and 2,83 million feu on intra-regional routes (+6.1%). The medium hire for feu has turned out of 1.833 dollars (+0.2%) and the average cost of the bunker of 412 dollars/ton (- 2.8%).