Independent journal on economy and transport policy
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In 2021 the revenues of the Maersk group increased by +55.5%
Net profit of $18 billion. Bought the US logistics company Pilot Freight Services
February 9, 2022
The 2021 income statement of the A.P. Møller-Mærsk Group it is all composed of record figures starting from the revenues that are pilti a 61,8 billion di dollari, with a rise of +55.5% on the previous annual financial year. EBITDA was 24.0 billion (+192.2%), operating profit at 19.7 billion (+370.0%) and net profit at 18.0 billion dollars (+466.4%).
Last year the only Ocean division of the Danish group, formed by the national shipping company Maersk Line and from the companies Sealand, Hamburg Süd and Aliança, recorded record balance sheet values starting from the revenues that amounted to 48.2 billion dollars (+65.3%), of which 42.4 billions generated by maritime transport activities (+70,0%). The increase in operating costs that is more contained totaled 26.8 billion dollars (+16.9%), of which 9.8 billions in container handling costs (+15.4%), 5.4 billion in fuel costs (+40.0%), 7.2 billion in costs management of the service network (+8.5%), 2.8 billion in costs administrative and management (+3.6%) and 1.6 billion in other expenses (+30,1%). EBITDA was $21.4 billion (+227.5%) and EBIT at 18.0 billion dollars (+462.0%).
In 2021, the group's container ship fleet transported cargo volumes of almost 13.1 million 40' containers (feu), with an increase of +3.6% on the previous year, of which over 6.1 million FEUs transported on east-west routes (+3.4%), 4.0 million feu on north-south routes (+1.9%) and 3.0 million feu on intra-regional routes (+6.4%). In 2021 the value of freight average per container transported was 3,318 dollars/feu (+65.9%) and the unit cost per container transported is state of 2,102 dollars (+6.5%).
The Danish group closed the fourth quarter of 2021 only record revenues of 18.5 billion dollars, with a progression of +64.4% on the period October-December of the year previous. EBITDA was 8.0 billion (+194.7%), operating profit of 6.6 billion (+316.2%) and net profit of 6.1 billion dollars (+369.6%).
In the last quarter of 2021 the Ocean division alone has totaled record revenues of 14.6 billion dollars (+76.7%), of which 12.8 billion produced by transport activities maritime (+78.6%). Operating costs amounted to €7.3 billion of dollars (+21.1%). EBITDA was 7.3 billion dollars (+232.3%) and EBIT of 6.3 billion (+377.9%).
In the fourth quarter of last year the fleet of ships container carriers of the group carried loads equal to almost 3.3 million feu, with a decrease of -4.0% on the corresponding period of 2020, of which 1.5 million FEUs transported by services east-west (-2.8%), 969 thousand feu from north-south (-6.3%) and 751 thousand feu from intra-regional services (-3.5%). The average freight for transported container reached the record quota of 4,009 dollars/feu (+82.9%), with an average freight of $4,184/feu relating only to east-west services (+86.5%), equal to 4,911 dollars/feu for north-south services (+78.8%) and equal to 2,554 dollars/feu for intra-regional services (+77.0%).
In the entire 2021 annual financial year, the only division of the terminal and towing activities carried out by the group recorded revenues of 4.7 billion dollars (+23.8%), an EBITDA of 1.7 billion (+39.0%) and an EBIT of 1.3 billion dollars (+56.3%), while the logistics division alone recorded revenues pairs to 9,8 billion dollars (+41.2%), an EBITDA of 907 million dollars (+99.8%) and an operating profit of 623 million dollars (+136,0%).
The Danish group expects the positive market trend in which it operates will continue in the second quarter of 2022, while a normalization is expected starting from the second half of the year.
Meanwhile, the European group has announced a further investment in the land logistics sector with the acquisition of the US Pilot Freight Services. The company american was sold by the US company of private equity ATL Partners and British Columbia Investment Management Corporation, one of the leading institutional investors Canadian. "In Maersk - said the CEO for Ocean & Logistics by A.P. Møller-Mærsk, Vincent Clerc, commenting on the acquisition - we continue our journey aimed at developing a truly integrated logistics offer for our customers, offering them better visibility, greater control and resilience in their supply chains. The addition of the potential of the Pilot is particularly important because it will allow us to create solutions more interesting for our customers and to support them through the acceleration of migration to e-commerce. It will also open up significant opportunities for synergy in terms of costs, taking advantage of the capabilities we already have developed in the network».
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