A.P. Moller – Maersk (Maersk) has reported a 7.8 per cent revenue increase to $13.3 billion and EBIT rising to $1.3 billion from $177 million year-over-year (YoY) in Q1 2025.
While sequentially lower as expected, the results mark a strong start, which the Danish shipping giant attributes to ocean profitability, operational gains in logistics & services, and higher terminal volumes.
Maersk maintains its 2025 guidance despite growing uncertainty and a more cautious outlook for container volume growth.
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Ocean posted an EBIT of $743 million, up YoY due to higher rates and stable volumes, despite an expected sequential decline.
Utilisation remained high and costs steady, supported by ongoing optimisation.
The new East-West network, launched in February, is on track to meet reliability and cost-efficiency goals once fully implemented.
Logistics & Services achieved an improved EBIT margin of 4.1 per cent, driven by diversified products and a strong focus on cost and productivity.
Freight management revenue rose 18 per cent YoY, led by Project Logistics, with fulfilment service improvements also contributing.
Terminals delivered strong results, supported by higher volumes, increased revenue per move, and greater storage income, with costs well-managed through automation and better capacity use. ROIC rose to 14.5 per cent.
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Vincent Clerc, CEO of Maersk, said: “We delivered strong results, driven by momentum in our operational efficiency and a global economy in good shape.
“We are happy to put the full strength of our product offering at our customers’ disposal, doubling down on automation and cost management. These efforts give us the confidence to deliver a result in line with our guidance.”
