MAERSK B A.P. Moller - Maersk A/S Class B

Correction: Financial Calendar 2019

Correction: Financial Calendar 2019

Corrected: Date for issues for the agenda of the Annual General Meeting has been corrected to 18 February 2019 instead of 18 February 2018.

 

 

ANNOUNCEMENT





A.P. Møller - Mærsk A/S – Financial Calendar 2019



Please be informed that A.P. Møller - Mærsk A/S plans to publish its Annual Report for the year 2018 on Thursday 21 February 2019 and to hold the Annual General Meeting on Tuesday 2 April 2019 at 10.30 am in Copenhagen. Any issues for the agenda of the Annual General Meeting must be received no later than Monday 18 February 2019.

 

The Company plans to publish Interim Report for the 1st Quarter on Friday 24 May 2019, Interim Report for the 2nd Quarter on Thursday 15 August 2019 and Interim Report for the 3rd Quarter on Friday 15 November 2019.







Copenhagen, 7 December 2018.



Contact person: Head of Investor Relations, Stig Frederiksen, tel.



























































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Reports on A.P. Moller - Maersk A/S Class B

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Oliver Dunvold
  • Petter Haugen

Too cheap with near-term earnings upside

Underlying demand much better than expected. Guidance upgrade likely - ABGSCe '24 EBITDA +20% vs. cons.. TP of DKK 13,260 (10,700) – BUY (Hold).

Jørgen Lian
  • Jørgen Lian

A. P. Møller Mærsk (Sell, TP: DKK9600.00) - Loose ends into Q1 results

There is a substantial discrepancy between container liners’ reported and guided revenue for Q1, as the impacts of the Red Sea disruption and resurgent freight rates are revealed. Near-term consensus could be too low, but the 2025–2026 outlook is set to be much worse than the market believes. We reiterate our SELL, but have raised our target price to DKK9,600 (9,500).

Jørgen Lian
  • Jørgen Lian

A brewing challenge for the yards

Our 17th Annual Energy & Shipping Conference was well attended by investors and industry executives showcasing the still-growing interest for the sectors. Limited yard capacity is fuelling high newbuilding prices and raising freight rate expectations for the vast fleet renewal necessary in the coming decade. Long lead times underpin a bullish supply story for much of shipping in the coming years, albeit exposed to geopolitical risks affecting trade patterns. Our overall impression was general op...

Jørgen Lian
  • Jørgen Lian

A. P. Møller Mærsk (Sell, TP: DKK9500.00) - No relief in sight

Maersk’s 2024 outlook solidified our view that headline spot rate movements should be insufficient to save liners from a challenging market that should soon see a race to the bottom once more. In the ensuing dogfight, someone will have to lose out in order to rebalance a vastly oversupplied market. With such an outlook, current cash buffers are of limited value to investors. We reiterate our SELL, and have cut our target price to DKK9,500 (10,400).

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