COPENHAGEN, Feb 8 (Reuters) – Maersk reported lower-than-expected fourth-quarter profit on Thursday and expects 2024 profit to be well below last year, despite supply saturation container ships, due to uncertainty regarding disruptions in the Red Sea.
On the Copenhagen Stock Exchange, Maersk shares fell 14.57% at 08:08 GMT and dragged in its wake its German competitor Hapag Lloyd, which fell at the same time by 12.41%.
Earnings before interest, taxes, depreciation and amortization (EBITDA) fell to $839 million (€779.09 million) in the fourth quarter from $6.54 billion a year earlier, below market expectations. analysts who expected $1.13 billion.
The company said it expects Ebitda of between $1 billion and $6 billion this year, up from $9.6 billion last year.
“Great uncertainty remains over the duration and degree of disruption in the Red Sea, which could last from a quarter to a full year depending on the forecast range,” the company said in a statement. (Reporting Jacob Gronholt-Pedersen; French version Mathias de Rozario, editing by Kate Entringer)
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