BREAKING NEWS

BREAKING NEWS

Maersk expects stronger 2019, meets fourth-quarter expectations

Maersk expects stronger 2019, meets fourth-quarter expectations
FILE PHOTO - A Maersk container ship is guided by a tug boat in New York Harbor in New York City, U.S., June 27, 2018. REUTERS/Brendan McDermid/File Photo -
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Brendan McDermid(Reuters)
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COPENHAGEN (Reuters) - Danish shipping group A.P. Moller-Maersk forecast higher profits this year after meeting fourth-quarter expectations on Thursday.

Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled $1.12 billion (859.42 million pounds) for the quarter, above the 1.07 billion forecast by analysts in a Reuters poll.

The company said it expects EBITDA as calculated under International Financial Reporting Standards (IFRS) for this year of around $5 billion.

(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely)

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