Maersk Q1 Financial results

Gryphon Alpha
The Gryphon Alpha FPSO in the UK North Sea

"The Group delivered a satisfactory result for the first quarter. Net profit improved by 51% driven by all five business units except for Maersk Drilling, which delivered as expected in a quarter with two yard stays and intake of two new rigs. Maersk Oil continued production increase with Gryphon and El Merk returning to full production. APM Terminals increased volumes and Maersk Line was positively influenced by high utilisation and continued cost reductions. Also Services & Other Shipping delivered in line with expectations and overall, we can be satisfied with the progress made in Q1 towards our strategic ambitions," says Group CEO Nils S. Andersen.


In the video interview, Group CEO Nils S. Andersen addresses the following

How the Group performed in Q1
The reason for the Group's upgraded guidance for 2014
Drivers behind the increase in Maersk Line's volumes
Whether the increase in Maersk Oil's production is satisfactory
How APM Terminals is developing

Press contact

Mikkel Elbek Linnet

Mikkel Elbek Linnet

Senior Press Officer

Denmark

+45 3363 8515

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