Maersk hikes earnings outlook on improved demand

In this news, we discuss the Maersk hikes earnings outlook on improved demand.

Shipping giant Maersk raised its profit outlook for the year on Tuesday following a pickup in demand and measures to improve costs, the company said in a business update. Maersk now expects annual earnings before interest, taxes, depreciation and amortization (EBITDA) of between $ 7.5 billion and $ 8.0 billion before restructuring and integration costs, from an earlier range of 6.0 to 7 , 0 billion dollars.

The company also said it expects restructuring costs of around $ 100 million in the third quarter. related to layoffs of around 2,000 employees.

News Highlights:

  • Maersk Boosts Profit Outlook on Improved Demand
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