AP Møller-Mærsk, the main industrial group in Denmark, today presented a net profit of 2,942 million dollars (2,561 million euros) until September, a drop of 29% compared to the previous year.
The result is due to the drop in profits in the third quarter, caused by pressure from tariffs in its container shipping division, the group indicated in its balance sheet.
Revenues amounted to 40,657 million dollars (35,392 million euros), 1% less than in the same period last year.
Earnings before interest and taxes (EBIT) fell 24% to 3,382 million (2,944 million euros).
EBITA (earnings before interest, taxes, depreciation and amortization) was 7,694 million (6,698 million euros), a decrease of 10%.
In the third quarter, the Danish group, owner of Maersk Line — one of the world’s leading container shipping companies — reduced its net profit by 64%, to 1,096 million dollars (954 million euros).
Revenues fell 10% to 14,206 million (12,366 million euros).
Ebit was 1,284 million (1,118 million euros), a drop of 61%, and ebitda was 2,686 million (2,338 million euros), a drop of 44%.
The Danish group indicated in its balance sheet that it expects the global container market to grow by 4% in 2025, when the previous forecast pointed to a variation between 2% and 4%, and that problems on the Red Sea route will continue throughout the year.