Maersk raises Q2 revenue expectations

Due to the continued supply chain disruption caused by the situation in the Red Sea, which is now expected to continue at least until the end of 2024, coupled with robust container market demand, the Danish shipping company has upgraded its full-year 2024 guidance.

Maersk now expects underlying EBITDA of US$9 to 11 billion and EBIT of US$3 to 5 billion (previously US$7 to 9 billion and US$1 to 3 billion, respectively), and free cash flow of at least US$2 billion (previously at least US$1 billion).

The outlook for the global container market volume growth for the full-year 2024 has been revised up to 4-6% (previously towards the upper end of 2.5-4.5%).