We had a positive start to the year and saw strong recovery in earnings compared to the fourth quarter of 2023. Results were in line with our expectations, and we have seen stronger demand and volume growth across all segments.

We are lifting the lower end of our financial guidance range to reflect that we now see prolonged disruptions in the Red Sea. We now expect underlying EBIT at USD -2.0 to 0.0bn, up from previously -5.0 to 0.0bn.

“I think it is really positive to see that our business is headed in the right direction. We see continued very strong performance in our Terminals business. Ocean delivers strong results due to a strong market and really proactive cost containment in connection with the Red Sea disruption. And then we are seeing growth come back again in our Logistics & Services,” says Vincent Clerc, CEO at Maersk.

The situation in the Red Sea is another example of the market volatility and complexity that our customers have to navigate. Resilient supply chains remains a key priority for our customers and this confirms that our path toward integrated logistics is the best way for us to help them tackle these challenges.

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