Vincent Clercq
CEO, Epimolar Maersk
Replay available
A.P Moller - Maersk A/S (AMKBY) Q3 2025 Earnings Call
A.P Moller - Maersk A/S (OTC: AMKBY) Q3 2025 earnings conference call, held 2025-11-06. Replay captured from the company's public earnings webcast.
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Patrick Yanni
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Muneeba Khayani
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.837 Welcome everyone and thank you for joining us on this earning call today as we present 00:00:04.837 -- 00:00:09.283 our third quarter results for 2025. My name is Vincent Clercq, I'm the CEO of Epimolar 00:00:09.283 -- 00:00:14.270 Maersk and with me in the room today is our CFO Patrick Yanni. 00:00:14.270 -- 00:00:18.075 As usual, we start with the highlights of the quarter just passed. 00:00:18.075 -- 00:00:23.082 We are pleased with the strong execution shown during the quarter in all businesses. 00:00:23.082 -- 00:00:28.388 We improved our performance across the board and delivered on an EBITDA of $2.7 billion 00:00:28.388 -- 00:00:33.454 and an EBIT of $1.3 billion up from the previous quarter. 00:00:33.454 -- 00:00:38.019 All segments showed strong sequential volume progression while costs were kept under 00:00:38.019 -- 00:00:43.225 tight control. These efforts paved the way for the strong results notwithstanding 00:00:43.225 -- 00:00:48.276 the external environment. Specifically, in logistics and services, we're staying the 00:00:48.276 -- 00:00:53.722 course, focusing on operational margin improvements on both prior 00:00:53.722 -- 00:00:57.767 year and quarter to maintain the streak of good progress in 2025. 00:00:57.767 -- 00:00:59.269 We 00:00:59.269 -- 00:01:04.415 also registered good underlying and seasonal volume growth, which more than offset 00:01:04.415 -- 00:01:07.733 the softening observed in North America. 00:01:07.733 -- 00:01:12.779 For Ocean, this third quarter was the first full and clean quarter of the Gemini 00:01:12.779 -- 00:01:14.221 cooperation. 00:01:14.221 -- 00:01:19.707 While we kept delivering reliability at 90-plus percent, we also generated cost benefits 00:01:19.707 -- 00:01:22.691 well above...