The Interim Report 1st Quarter 2015 for A.P. Møller - Mærsk A/S is hereby enclosed.
Group CEO, Nils Smedegaard Andersen, states: “The Group continued to deliver a strong performance in the first quarter of 2015, achieving a very satisfactory result of USD 1.6bn. In a quarter impacted both by low oil prices and low economic growth, the underlying profit increased by 18% to USD 1.3bn, mainly driven by Maersk Line, Maersk Drilling and APM Shipping Services, whereas Maersk Oil and APM Terminals were impacted by lower oil prices and lower volumes in oil dependant markets. All businesses affected by low oil prices launched cost initiatives to safeguard long term profits and competitiveness. Based on the performance in Q1, the Group now expects an underlying result of around USD 4bn for 2015.”
