A P Moller Maersk AS (AMKBF) Q3 2024 Earnings Call Highlights: Strong Profitability Amid Market ...

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EBITDA: $4.8 billion for Q3 2024. EBIT: $3.3 billion for Q3 2024. Net Income: $3.1 billion for Q3 2024. Free Cash Flow: $2.7 billion for Q3 2024. EBIT Margin: 21% for Q3 2024. EBITDA Margin: 30% for ...

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Moeller-Maersk A/S","start_time":0,"source_url":"https://finance.yahoo.com/news/p-moller-maersk-amkbf-q3-110054092.html","article_id":"2480058005","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/vsusyJRbESGp.42lDm9Mfw--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/ad28eced775bb12131dec007ad7713ae"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480058005","pubTimestamp":1730458854,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Free Cash Flow: $2.7 billion for Q3 2024.Logistics and Services EBIT Margin: 5.1% for Q3 2024.Revenue Growth in Logistics: 11% year on year for Q3 2024.Average Loaded Freight Rate: $3,236 per FFE, up 54% year on year.Total Cash and Deposits: $22.3 billion as of Q3 2024.Net Cash Position: $5.6 billion as of Q3 2024.GuruFocus has detected 7 Warning Sign with AMKBF.For the complete transcript of the earnings call, please refer to the full earnings call transcript.A P Moller Maersk AS  reported a significant uptick in profitability with an EBITDA of $4.8 billion and an EBIT of $3.3 billion for the third quarter of 2024.The logistics and services segment, while improving, still faces challenges in achieving the target EBIT margin of above 6%.A: Patrick Jany, CFO: We suspended share buybacks due to the uncertainty in the ocean market. We will consider reinitiating them once we have a clearer view of the market's development, particularly for 2025. Our priority is organic growth and capital a","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AMKBY":"A.P. Moeller-Maersk A/S","AMKBF":"A.P. Moeller-Maersk A/S","AMKAF":"A.P. Moeller-Maersk A/S"},"translate_title":"A P Moller Maersk AS(AMKBF)2024年第三季度收益看涨期权亮点：市场强劲的盈利能力……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMKBF":1,"AMKAF":0.9,"AMKBY":0.9},"content_text":"EBITDA: $4.8 billion for Q3 2024.\nEBIT: $3.3 billion for Q3 2024.\nNet Income: $3.1 billion for Q3 2024.\nFree Cash Flow: $2.7 billion for Q3 2024.\nEBIT Margin: 21% for Q3 2024.\nEBITDA Margin: 30% for Q3 2024.\nLogistics and Services EBIT Margin: 5.1% for Q3 2024.\nOcean EBIT: $2.8 billion for Q3 2024.\nTerminal EBIT: $338 million for Q3 2024.\nROIC: 13% for Terminal business.\nRevenue Growth in Logistics: 11% year on year for Q3 2024.\nAverage Loaded Freight Rate: $3,236 per FFE, up 54% year on year.\nCapEx: $940 million for Q3 2024.\nTotal Cash and Deposits: $22.3 billion as of Q3 2024.\nNet Cash Position: $5.6 billion as of Q3 2024.\n\n\nWarning! GuruFocus has detected 7 Warning Sign with AMKBF.\n\nRelease Date: October 31, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nA P Moller Maersk AS (AMKBF) reported a significant uptick in profitability with an EBITDA of $4.8 billion and an EBIT of $3.3 billion for the third quarter of 2024.\nThe logistics and services segment showed recovery with an EBIT margin increase to 5.1%, driven by productivity and cost management.\nThe terminal business demonstrated resilience with an EBIT of $338 million, supported by good volumes and top-line growth.\nThe company upgraded its full-year guidance, expecting an EBIT between $5.2 billion and $5.7 billion, and a minimum free cash flow of $3 billion.\nStrong market demand and successful customer wins contributed to an 11% organic growth in logistics and services, surpassing market growth.\n\n Negative Points \n\nThe situation in the Red Sea remains a concern with high threat levels, impacting operations.\nHigher network costs were incurred due to longer sailing routes around the Cape of Good Hope, leading to increased bunker consumption and charter costs.\nThe logistics and services segment, while improving, still faces challenges in achieving the target EBIT margin of above 6%.\nThe transition to the new Gemini network poses potential risks of disruption during the initial phase.\nThe company suspended its share buyback program due to uncertainties in the ocean market, indicating cautious capital allocation.\n\n Q & A Highlights \nQ: Do you see larger deals as something you have to do in logistics and services, and do you have the capability to execute and integrate them? A: Vincent Clerc, CEO: M&A will continue to be part of our roadmap, but our approach is organic growth first. We are satisfied with the 11% growth this quarter and will continue to add capabilities. We prefer larger bolt-on acquisitions that are meaningful for strategic progression.\nQ: Could you provide some insight on share buybacks and when they might be reinitiated? A: Patrick Jany, CFO: We suspended share buybacks due to the uncertainty in the ocean market. We will consider reinitiating them once we have a clearer view of the market's development, particularly for 2025. Our priority is organic growth and capital allocation, and we have a history of returning excess cash to shareholders.\nQ: What type of assets and regional exposure are you looking for in M&A? A: Vincent Clerc, CEO: We focus on three lenses: regional, vertical, and specific capabilities. We aim to reinforce our offering in Europe and move towards industrial verticals. We also look for capabilities we don't currently offer but are important for our customers.\nQ: How do you plan to achieve 90% reliability with the Gemini network, and what actions will be taken if reliability is less than expected? A: Vincent Clerc, CEO: The Gemini network will be modular, reducing the impact of disruptions. We have integrated ships and terminals, and aligned operational philosophy with our partner. We have tested extensively and are confident in achieving 90% reliability.\nQ: How sustainable is the current demand strength, and is it driven by any temporary factors? A: Vincent Clerc, CEO: Inventory levels in the US are normal, suggesting no large pull-forward. Consumption supports current demand, and we see no signs of a major correction. In Europe, consumer-facing verticals are stable, though industrial verticals show some inventory increase.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480058005"}