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AP Moller-Maersk’s revenue jumped 7.8% to $13.3 billion in the first quarter of 2025 with earnings before interest and taxes soaring to $1.3 billion from only $177 million a year ago
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The results represent a good start to the year and were driven by solid profitability in Ocean, operational improvements in Logistics & Services and higher volumes in Terminals, the company said.
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Maersk CEO Vincent Clerc said they delivered strong results compared to the same quarter last year, driven by momentum in operational efficiency and a global economy in good shape
A.P. Moller-Maersk revenue jumped 7.8% to $13.3 billion in the first quarter of 2025 with earnings before interest and taxes (EBIT) soaring to $1.3 billion from only $177 million a year ago.
The results, while sequentially down as expected, represent a good start to the year and were driven by solid profitability in Ocean, operational improvements in Logistics & Services and higher volumes in Terminals, the company said in a statement.
For 2025, Maersk is maintaining its financial guidance despite the increased uncertainty leading to a more cautious container volume growth outlook.
Maersk CEO Vincent Clerc said: “We delivered strong results compared to the same quarter last year, driven by momentum in our operational efficiency and a global economy in good shape for the first three months. With trade tensions flaring up and uncertainty on the rise, global supply chains are once again in the spotlight.”
Clerc added that from the most reliable Ocean network to one of the best lead logistics and customs support teams, “we are pulling every lever to help them make the best decisions for their business.”
At the same time, the company is doubling down on the work underway on automation and cost management to remain fit for what lies ahead.
These efforts give Maersk the confidence to deliver a result in line with company guidance communicated in February, the CEO said.
Ocean saw improved profitability compared to the same quarter last year due to higher rates and stable volumes with an EBIT of $743 million while the sequential decrease was as anticipated.
Utilization stayed high and costs were stable due to continued high focus on optimization, said the company statement.
The new East-West network, launched in February, is on track to deliver on the reliability ambition and cost efficiencies once fully phased in.
The EBIT margin in Logistics & Services improved compared to the first quarter of 2024 and reached 4.1% driven by multiple products and the continued focus on costs and productivity. Revenue from freight management services grew 18% compared to the same quarter in 2024 driven by Project Logistics.
Ongoing operational improvements in fulfilment services also contributed significantly.
Terminals continued its great performance driven by strong volume growth, higher revenue per move and increased storage revenue, while costs were under control through automation and increased capacity utilization. Return on invested capital increased to 14.5%.
The global container market volume growth has been revised to -1% to 4% given the increased macroeconomic and geopolitical uncertainty.
Maersk expects to grow in line with the market. The disruption in the Red Sea is expected to continue throughout the rest of the year, the statement also said.
