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AP Moller-Maersk shares the fall 2019 outlook “shock”

AP Moller-Maersk shares crashed this morning, as soft direction for this year ahead of macroeconomic headwinds overshadowed a fourth quarter performance that followed the market script. Stocks in the Danish container giant disturbed by more than one tenth in early trading despite a quarterly report that trumpeted confidence in the company's strategic transition to transport and logistics. Business war focus sees DNB Markets calling down AP Moller-Maersk forecasts An operating profit in the fourth quarter of $ 219 million reduced the consensus by $ 421 million, but overall, figures are as broadly as expected. The last three months of 201 8 had been dismissed as an event before the report, with Maersk's 2019 guidance considered more significant. Copenhagen-listed Maersk said Ebitda this year would run to about $ 5 billion, including the effects of IFRS 16 and Merse said that the 2019 guidelines were subject to major uncertainties due to "the current risk of further restrictions on global trade ". "Very disappointing" It also pointed to other factors impact on container freight rates, bunker prices and exchange rates. Analysts in Berenberg, led by Joel Spungin, described the guidance as "very disappointing" and "a shock" with a consensus of $ 4.9 billion. "We had been concerned that consensus was too high but it's still surprising," the analysts wrote. Talking with the company sounds like it is about slowing down global growth, while new capacity can weigh on pricing in the first half before it improves in the second half. Rising fuel…

AP Moller-Maersk shares crashed this morning, as soft direction for this year ahead of macroeconomic headwinds overshadowed a fourth quarter performance that followed the market script.

Stocks in the Danish container giant disturbed by more than one tenth in early trading despite a quarterly report that trumpeted confidence in the company’s strategic transition to transport and logistics.

Business war focus sees DNB Markets calling down AP Moller-Maersk forecasts

An operating profit in the fourth quarter of $ 219 million reduced the consensus by $ 421 million, but overall, figures are as broadly as expected.

The last three months of 201

8 had been dismissed as an event before the report, with Maersk’s 2019 guidance considered more significant.

Copenhagen-listed Maersk said Ebitda this year would run to about $ 5 billion, including the effects of IFRS 16 and

Merse said that the 2019 guidelines were subject to major uncertainties due to “the current risk of further restrictions on global trade “.

“Very disappointing”

It also pointed to other factors impact on container freight rates, bunker prices and exchange rates.

Analysts in Berenberg, led by Joel Spungin, described the guidance as “very disappointing” and “a shock” with a consensus of $ 4.9 billion.

“We had been concerned that consensus was too high but it’s still surprising,” the analysts wrote.

Talking with the company sounds like it is about slowing down global growth, while new capacity can weigh on pricing in the first half before it improves in the second half. Rising fuel costs can also be a factor. “[19659002] Merse, who is often seen as a barometer of world trade, has had a feeling of hostile effects between the United States and China – a standoff that pulled its stock by one quarter in 2018.

AP Moller B shares traded 10, 16% at DKK 8,414 ($ 1,277.95) each at the time of writing.

Sören Skou, CEO of AP Møller, said: “In 2019, we will continue to focus on improving the results across the company while we grow Logistics & Services segment by expanding the product portfolio.

He added: “We continue to continue, despite uncertainty in the current global macroeconomic outlook.”

Losing streak over

Maersk signed a $ 3.2 billion profit in 2018, the first bottom line e profit since 2015 and its best performance since 2014, yielding a $ 5.2 billion profit.

In 2018, Skou described as a year of implementation to build the foundation for the new AP Moller – Märsk, with 2019 the year to accelerate our transformation to create long-term profitable growth.

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The company pointed to a revenue increase of 26% in 2018, together with a 22% increase in volumes for its Ocean division, which contained much of Maersk Line, and a 41% slip in interest-bearing liabilities.

Skou said: “The goal of the transformation of AP Møller-Maersk is to put the company on a new profitable growth path.”

“Over the past two and a half years, we have come a long way to regaining our growth ambition, but we still need to improve profitability from the level seen in 2018.

” We have been transformed from being a conglomerate with a company that monitors independent, independent business units that have their own bottom lines to a company, with a bottom line and with customers at the center of our attention. “

Maersk paid a dividend of about $ 500 million in 2018 and will introduce a new payout policy” appropriate for the new company “when it reports its second quarterly accounts later this year so watched.

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