The Maersk Group published its 2nd quarter interim report today, in which the company increases its full-year expectations.
"The Group achieved a very satisfactory result for first half of 2014 with underlying profit increasing 42 percent to USD 2.4 billion, mainly driven by Maersk Line, APM Terminals and Maersk Oil. As result of the good progress in delivering on our Group priorities and the solid financial performance across the Group, which has been achieved in challenging markets, we upgrade the outlook for the Group result to be around USD 4.5 billion for 2014. Due to the current strong financial situation, the Board hsa decided to buy back shares of USD 1 billion within the coming 12 months," says Group CEO Nils Smedegaard Andersen in a statement accompanying the report.
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