Maersk reported robust financial results for 2024, with earnings before interest and taxes (EBIT) increasing by 65 percent to US$6.5 billion.
The company’s strong performance was attributed to higher container demand, elevated freight rates in its ocean division, top-line growth, and volume increases in terminals. Most of its logistics and services products also saw significant improvements.
The board of directors proposed a dividend of DKK 1,120 per share and announced a share buy-back program valued at up to US$2 billion, set to take place over the next 12 months.
Maersk’s ocean segment experienced improved profitability, supported by higher freight rates and strong demand, particularly in the Red Sea. Cost control measures helped maintain stability despite increased operational costs from network rerouting.
The logistics and services segment showed steady growth, with a 7 percent rise in revenue and improved EBIT margins, benefiting from expansion in warehousing, air, and first-mile services.
In the terminals segment, Maersk achieved its best-ever financial results, driven by record-high EBITDA and EBIT. This success was fueled by strong volumes, inflation-adjusted tariff increases, and an improved customer and product mix.
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