A.P. Moller-Maersk has unveiled exceptional financial results for 2024, showcasing remarkable growth across all segments and an impressive 65% increase in EBIT, soaring to US$6.5 billion.
This stellar performance was fueled by higher container demand and elevated freight rates in the Ocean segment, top-line and volume growth in Terminals, and solid improvements across most Logistics & Services products. In light of these robust results and the company’s strong balance sheet, the Board of Directors has proposed a dividend of DKK 1,120 per share. Additionally, a share buy-back program of up to US$2 billion will be executed over the next 12 months.
“Our resilience in navigating shifting circumstances and ensuring steady supply chains for our customers was put to the test throughout 2024. Our efforts were rewarded with record-high customer satisfaction. We successfully capitalized on increased demand while enhancing productivity and rigorously managing costs — all of which contributed to our strong financial performance,” stated Vincent Clerc, CEO of A.P. Moller-Maersk.
Clerc further added, “With three robust business segments — Ocean, Logistics & Services, and Terminals — along with integrated offerings across the supply chain, we are uniquely positioned to support our customers in an era where geopolitical changes and disruptions continue to highlight the need for resilient supply chains.”
Profitability in the Ocean segment improved significantly compared to the previous year, supported by a substantial increase in freight rates reflecting the situation in the Red Sea and strong volume demand. High utilization and cost discipline ensured streamlined operations that effectively tackled uncertainties. Operational costs remained stable year-on-year, offsetting increased costs and additional bunker consumption due to re-routing the network south of the Cape of Good Hope.
The Logistics & Services segment demonstrated remarkable resilience in 2024, with momentum building steadily each quarter. This culminated in volume growth, higher revenue, and an improved EBIT margin compared to 2023. Revenue grew by 7%, driven by solid growth in Warehousing, Air, and First Mile product categories, while profitability benefited from progress across most products.
Terminals delivered its best-ever financial results in 2024, with EBITDA and EBIT reaching record highs. This achievement was driven by significant top-line growth due to strong volumes, inflation offsetting tariff increases, a better customer and product mix, and higher storage revenue.
A.P. Moller-Maersk’s exceptional financial performance in 2024 highlights its strategic agility and robust capabilities across its core business segments. The company’s dedication to operational excellence and customer satisfaction continues to position it favorably in the global logistics and supply chain industry.
