Maersk Increases Forecast as CEO Highlights Unexpected Resilience in Global Trade
Strong Q3 Performance: Maersk reported a third-quarter operating profit of $2.68 billion, exceeding analyst expectations, although down from $4.8 billion a year earlier. The company raised its full-year profit forecast to between $9 billion and $9.5 billion.
Resilience in Demand: CEO Vincent Clerc highlighted the resilience of demand across geographies, particularly in the U.S., and noted the company's ability to manage costs despite inflationary pressures.
Positive Outlook for Container Volumes: Maersk anticipates global container market volumes to grow by around 4% in 2025, revising its previous forecast of 2% to 4%.
Global Trade Perspective: Clerc stated that concerns about the decline of globalization are premature, emphasizing the ongoing strength of trade and economic integration, particularly driven by China's manufacturing sector.
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