Maersk sees higher profits this year, fourth quarter meets forecast By Reuters

February 10, 2021 admin Stock News 0

© Reuters. Worker is seen next to Maersk shipping containers at a logistics center near Tianjin por

COPENHAGEN (Reuters) – Shipping group Maersk reported fourth-quarter profit in line with expectations on Wednesday and said it expects higher earnings this year.

Maersk, the world’s biggest container shipping line, said earnings before interest, tax, depreciation and amortisation (EBITDA) in the period rose X% to $2.71 billion, compared with $2.68 billion forecast by analysts.

The company said it expects EBITDA before restructuring and integration costs at $8.5 billion-$10.5 billion this year, compared with 8.3 billion last year.

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