A.P. Moller - Maersk has reported revenue of USD 13.3 billion for the first quarter of 2025, reflecting a 7.8% increase compared to the same period last year. Earnings before interest and taxes (EBIT) rose to USD 1.3 billion, up from USD 177 million in the first quarter of 2024. The company attributes this performance to improved profitability in its Ocean segment, operational gains in Logistics & Services, and higher volumes in Terminals.
In the Ocean segment, Maersk achieved an EBIT of USD 743 million, driven by higher rates and stable volumes. Utilization remained high, and costs were controlled through continued optimization efforts. The newly launched East-West network is expected to further enhance reliability and cost efficiency once fully implemented.
Logistics & Services also experienced improved performance, with an EBIT margin of 4.1%, supported by an 18% increase in revenue from freight management services. Project Logistics and continued operational improvements in fulfillment services were key contributors to this growth.
The Terminals division saw strong volume growth, higher revenue per move, and increased storage revenue. Cost management through automation and capacity optimization helped maintain profitability, leading to a return on invested capital (ROIC) of 14.5%.
Despite the positive results, Maersk has maintained its full-year 2025 financial guidance, projecting an underlying EBITDA of USD 6-9 billion, an underlying EBIT of USD 0-3 billion, and free cash flow of at least negative USD 3.0 billion. The company has adjusted its outlook for global container market volume growth to a range of -1% to 4%, citing macroeconomic and geopolitical uncertainties, including continued disruptions in the Red Sea region.
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For more information:
Morten Buttler
A.P. Moller - Maersk
Email: [email protected]
www.maersk.com