COPENHAGEN: Shipping group A.P. Moller-Maersk posted first-quarter revenue in line with expectations on Wednesday but warned about a drop of as much as 25per cent in global container volumes in the second quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at US$1.52 billion, slightly above company guidance provided in March when it suspended full-year guidance due to uncertainty caused by the coronavirus pandemic.
The world's biggest container shipping company reported revenue of US$9.57 billion versus the US$9.59 billion forecast by 16 analysts in a poll compiled by Maersk.
(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely)