Here is an overview of the Maersk Q1 earnings report

Maersk published its hotly anticipated first quarter interim report on Wednesday, which shows major downward shifts for the group's largest businesses. However, the results were not as bad as some analysts projected. Below is an overview of the Maersk Group earnings report.

Photo: Maersk Tankers

The Danish conglomerate finished the year's first quarter with an underlying result of USD 214 million against USD 1.3 billion in the same period for 2015. The huge step backwards is attributed largely to the low oil price and the record low container rates.

All of the group's business units noted setbacks, except for Maersk Drilling, Maersk Tankers and logistics company Damco, writes Maersk in its report Wednesday.

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