Nykredit expects millions in Maersk Line profits

Senior Stock Analyst at Nykredit Markets, Ricky Steen Rasmussen, expects a profit of USD 400 million on the Maersk Line bottom line, when A.P. Moeller-Maersk presents the company’s financial statements for the third quarter on Friday.

Photo: Maersk Line

Maersk Line will be at the top of the list when Ricky Steen Rasmussen, Senior Stock Analyst at Nykredit Markets, reviews the A.P. Moeller-Maersk financial statements for the third quarter, published on Friday. Questions regarding the developments in September, and the company’s opinions about its competitors’ withdrawal of capacity, are among the most interesting subjects, he says.

“I expect Maersk Line to present a profit, like in the second quarter. The third quarter typically includes the peak season, so we should see profits of around USD 400 million on the bottom line. What we’ll be keeping an eye on is how bad September has been to the freight rates. Several competitors have said that the month was very, very bad compared to last year, and we’ve also heard from several forwarders that the volumes transported have decreased significantly – around ten percent,” says Ricky Steen Rasmussen.

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