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Maersk meets first-quarter revenue forecasts but warns on container sector outlook

FILE PHOTO: Worker is seen next to Maersk shipping containers at a logistics center near
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COPENHAGEN (Reuters) - Shipping group A.P. Moller-Maersk posted first-quarter revenue in line with expectations on Wednesday but warned about a drop of as much as 25% in global container volumes in the second quarter.Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at $1.52 billion, slightly above company guidance provided in March when it suspended full-year guidance..
Date Published: May 13, 2020
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