May 08, 2025 / 09:00AM GMT
Vincent Clerc - AP Moeller - Maersk A/S-Chief Executive Officer - Member of the Executive Board
Welcome, everyone, and thank you for joining us on this earnings call today as we present our results for the first quarter of 2025. My name is Vincent Clerc, I'm the CEO of AP AP Moeller - Maersk; and with me in the room today is our CFO, Patrick Jany.
We start with the highlights from the first quarter just past. The quarter saw solid delivery across all of our businesses within an increasingly volatile environment. Specifically, on the back of good asset utilization, operational improvement and proactive cost measures, we generated an EBITDA of $2.7 billion and an EBIT of $1.3 billion for the quarter.
In Logistics & Services, we remain on track as reflected in the significant year-on-year improvement in the EBIT margin to 4.1%, owing to continued operational improvement and cost management. On our Ocean business, we saw continued decline in rates in line with our expectation and demonstrated solid profitability, as vessel utilizations remain
Q1 2025 AP Moeller - Maersk A/S Earnings Call Transcript
May 08, 2025
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