A.P Moller - Maersk A/S (AMKBY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone and thank you for joining us on this earnings call today as we present our second quarter results for 2025. My name is Vincent Clerc, I'm the CEO of AP Mollermersk and with me in the room today is our CFO, Patrick Yanni. As usual, we start with the highlights from the quarter that just passed. In the second quarter of 2025, we demonstrated strong financial performance in a volatile external environment. We delivered EBITDA of 2.3 billion dollars and an EBIT of 845 million dollars driven by strong execution across all our businesses. This happened against the backdrop of a historically uncertain external environment which materialized already towards the start of the quarter as we discussed at our earnings call in May. The geopolitical volatility and low visibility into macroeconomic factors that we experienced this quarter were unprecedented. Nevertheless, in each of our business segments we have performed well. In logistics and services, we carried on with our progress delivering an EBIT margin of .8% towards our own targets of 6%. This reflects continuous improvements in relation to previous years and previous quarter. In Ocean, we successfully completed our transition to Gemini on our East-West network and posted strong volume growth and good profitability. All the while, we navigated significant volume and rate volatility, not the least on our Trans-Pacific service. June marked the first month in which Gemini operated exclusively with the -to-em network now fully phased out. We are thankful to all the teams who contributed to making this such a success. Terminals continued to perform strongly, supported by high volumes, higher revenue per move and high utilization. With the first half of the year now behind us, what does this mean then for our fi...