Vincent Clerc
CEO
Replay available
A.P Moller - Maersk A/S (AMKBY) Q1 2025 Earnings Call
A.P Moller - Maersk A/S (OTC: AMKBY) Q1 2025 earnings conference call, held 2025-05-08. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.962 Welcome, everyone, and thank you for joining us on this earning call today as we present 00:00:04.962 -- 00:00:07.709 our results for the first quarter of 2025. 00:00:07.709 -- 00:00:12.459 My name is Vincent Clerc. I'm the CEO of Epimore Maersk, and with me in the room today 00:00:12.459 -- 00:00:15.582 is our CFO, Patrick Yanni. 00:00:16.079 -- 00:00:19.645 We start with the highlight from the first quarter just passed. 00:00:19.645 -- 00:00:25.496 The quarter saw solid delivery across all of our businesses within an 00:00:25.496 -- 00:00:28.281 increasingly volatile environment. 00:00:28.281 -- 00:00:33.450 Specifically, on the back of good asset utilization, operational improvement, and proactive 00:00:33.450 -- 00:00:39.080 cost measures, we generated an EBITDA of $2.7 billion and an EBIT of $1.3 00:00:39.080 -- 00:00:44.084 billion for the quarter. In logistics and services, we remained 00:00:44.084 -- 00:00:48.851 on track as reflected in the significant year-on-year improvement in the EBIT margin 00:00:48.851 -- 00:00:50.694 to 4.1%, 00:00:50.694 -- 00:00:55.201 owing to continued operational improvement and cost management. 00:00:55.201 -- 00:01:01.090 On our ocean business, we saw continued decline in rates in line with our expectation 00:01:01.090 -- 00:01:06.578 and demonstrated solid profitability as vessel utilizations remained high and contracts 00:01:06.578 -- 00:01:11.749 had a stabilizing effect. In terminals, we delivered strong results, yet 00:01:11.749 -- 00:01:16.306 again driven by strong volumes and higher revenue per move. 00:01:16.306 -- 00:01:21.435 The increased macroeconomic and geopolitical uncertainty since we shared our guidance 00:01:21.435 -- 00:01:26.244 in February inevitably affects our outlook ...