Smedegaard: Our markets are in very bad state

There are no real possibilities of growing right now, notes Maersk Group CEO Nils Smedegaard Andersen, and he is far from optimistic about global economic developments in 2016.

BY OLE ANDERSEN

Maersk Group CEO Nils Smedegaard Andersen spoke in plain words following publication of the conglomerate's results for the third quarter 2015, which showed a dive in profits of almost 50 percent:

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Here is an overview of Maersk Group's Q3 performance
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Maersk Group's profit down 50 percent
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Maersk Line notes big slide in profits and revenue
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