Maersk predicts even better remainder of 2021

The ocean shipping line Maersk is on track to earn over $22 billion in profit (EBITDA, in financial terms; earnings before Interest, Taxes, Depreciation and Amortization, if you are not familiar.) this year. Free cash flow will be over $14 billion. That is a lot of money.

Capital expense, for new ships and the like, will be around $7 billion.

This graph, from their annual report, shows Maersk’s EBITDA over the last several years.

Source: Maersk 2021 Annual Report.

Here’s Maersk’s most recent annual report in full.

18 September 2021 Jack Donnelly Shipping Lines

Maersk revises earnings forecasts, predicts even better remainder of 2021 – Port Technology International

One response to “Maersk predicts even better remainder of 2021

  1. Pingback: Maersk predicts even better remainder of 2021 | Plato Blockchain

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