Maersk reports volume growth in Q2
A.P. Moller-Maersk’s financial performance improved in Q2 2024 with EBIT margin reaching 7.5% compared to 2.4% last quarter, driven by growth across all segments.
Although profitability increased sequentially due to a strong container demand in a market of supply chain disruptions, when compared to the post pandemic Q2 2023 it decreased.
The company’s terminals division continued to deliver volume growth, particularly in North America, and revenue per move increased significantly due to higher tariffs and higher storage while cost per move increased slightly.
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