Maersk delivered improved profitability across its businesses in the third quarter of 2019, outweighing a 0.9% drop in revenue to US$10.1bn.
Earnings before interest, tax, depreciation and amortization (EBITDA) improved 14% to US$1.7bn in the quarter, reflecting an increase in EBITDA margin to 16.5%.
Søren Skou, CEO of A.P. Moller – Maersk, said: “While the global container demand, as expected, was lower in Q3 due to weaker growth in the global economy, A.P. Moller – Maersk continued to improve the operating results.