AP Moeller - Maersk A/S Annual Shareholders Meeting Transcript
¸-¦/-
Thank you very much. And once again, a warm welcome to all of you. We're happy to see that so many of you are here today. We see it as a sign of great interest in A.P. Møller - Mærsk A/S and our transformation.
Nevertheless, I stand here as Chairman with mixed emotions about the results I'm going to present to you today for 2018. Financially, 2018 was not a satisfactory year. A downgrade of our expectations for the year and a profit before tax of $238 million out of our $39 billion revenue are simply not satisfactory. But 2018 was also a year of sound progress in delivering on our long-term strategy and transformation. It was necessary and expected but also essential if we are to achieve the desired financial results in the future.
Before I move on to the review of 2018, I'd like to start with a brief look back at the journey we've been on since 2016 when we fundamentally changed our strategy. Why did we change our strategy in 2016? Our new strategy
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
