Maersk records 8% increase in revenue to US$13.3bn

Maersk has reported revenue growth of 8% to US$13.3bn in the first quarter with EBIT increasing to US$1.3bn from US$177m a year ago. 

Additionally, EBITDA was up 70% to US$2.7bn with the results, while sequentially down as expected, driven by solid profitability in Ocean, operational improvements in Logistics & Services and higher volumes in Terminals. 

Vincent Clerc, Maersk CEO, said: “We delivered strong results compared to the same quarter last year, driven by momentum in our operational efficiency and a global economy in good shape for the first three months. With trade tensions flaring up and uncertainty on the rise, global supply chains are once again in the spotlight.