Shipping group Maersk reports third-quarter results in line with forecast

Wed Nov 18 2020
Mark Cooper (3173 articles)
Shipping group Maersk reports third-quarter results in line with forecast

Shipping group Maersk MAERSKb.CO on Wednesday reported third-quarter sales and operating profit in line with previous guidance and maintained its earnings forecast.

Sales fell by 1.4% to $9.92 billion in the third quarter compared with the same period last year, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 39% to $2.3 billion, it said.

Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.