The Danish company Mearsk, at the peak of transport costs in the world capital, announced a drop in revenue to just USD 12.1 billion in the 3Q year compared to USD 22.8 billion a year ago.
The company’s management announced a full reduction in the number of employees by approximately 10,000 due to subdued demand and inflationary wages. at the beginning of this year, the carrier employed approximately 110,000 people. The dismissal of 10,000 employees should cost approximately USD 600 million in 2024.
Veden left its full-year outlook for EBITDA profit at USD 9.5 – 11 billion, but said it was expected to hit the bottom line in real terms.
In 2022, Maersk recorded record results with an EBITDA profit equal to USD 37 billion, mainly supported by the realization of deferred demand after the end of the covid pandemic and imposed commercial cuts. The current situation indicates that the deferred demand has reached its full potential and therefore there will be a significant cooling in the overall demand due to the increased macroeconomic insights.
Maersk is considered one of the main indicators of the real development of the global economy. Its shares reacted to the negative results by falling by about 18%.
In the field” for more than 20 years. After several years of experience from trading with valuable peppers, Vladimr Urbnek for the past 15 years, he has been devoting himself to reporting from domestic and foreign capital markets.
He considers the age to be the result of experience and ability compared to the time before the last major crisis in 2008-9.