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Q3 2023 AP Moeller - Maersk A/S Earnings Call Transcript
¸-¦/-&
Welcome, everyone, and thank you for joining us on this earnings call today as we present the results of our third quarter of 2023. My name is Vincent Clerc. I'm the CEO of A.P. Møller - Mærsk. And with me in the room today is our CFO, Patrick Jany. On the second slide, you see our usual disclaimer on forward-looking statements. Please familiarize yourself with this at your convenience. For now, let's move straight into the fourth slide.
Despite an increasingly challenging market environment, we closed the third quarter 2023 with a financial performance in line with expectations generating group revenues of USD 12.1 billion with an EBIT margin of 4.4%. The third quarter saw an uptick in volumes in our Ocean and Logistics & Services businesses. At the same time, we have seen prices decline across all transportation modes at an accelerated pace, overshadowing the positive impact from higher volumes. The new normal we
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