Maersk Continues to Battle Rough Seas in Q4
No-moat Maersk’s full-year results were in line with our forecasts on an underlying basis. Large impairment losses in its supply services and drilling businesses contributed to a net reported loss of almost $2 billion for the period. We do not expect to make any material changes to our longer-term forecasts on the back of these results, and we view the shares as fully valued at this time.We think the market disappointment, reflected in the 5% share price fall this morning, is centred on the une...
A.P. Moeller Maersk is an international shipping company. Co.'s operating segments are: Container shipping and related activities which include global container services, inland transportation, manufacturing and repair of containers and container depots, and logistics and forwarding activities; APM terminals; Tankers, offshore and other shipping activities which include tanker shipping of crude oil, oil products and gas, offshore drilling activities and operation of land rigs, supply vessel activities with anchor handling and platform supply vessels, ferry services and door-to-door transportation in Northern Europe; Oil and gas activities; Retail activity; and Shipyards and other activities.
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