A.P. Moller-Maersk A/S, the world’s largest container line, raised its guidance for profit this year after freight rates soared as lockdowns led to a surge in spending on shipped goods.
The Copenhagen-based company added almost $5 billion to the midpoint of its operating profit forecast, according to a statement late on Aug. 2. Full-year EBITDA will be $18 billion to $19.5 billion, up from a previous forecast of $13 billion to $15 billion. Underlying EBIT will be in a range of $14 billion to $15.5 billion compared with $9 billion to $11 billion seen previously.
