Maersk Increases 2020 Ebitda Guidance
November 17 2020 - 11:02AM
Dow Jones News
By Adriano Marchese
AP Moeller-Maersk AS on Tuesday increased its full-year adjusted
Ebitda expectations ahead of its third-quarter results.
The Danish shipping company said adjusted earnings before
interest, taxes, depreciation and amortization--a figure which
excludes restructuring and integration costs--has been increased to
a range of $8 billion and $8.5 billion.
Previously, the company had guided for a range of between $7.8
billion and $8 billion.
The company said it will publish its third quarter results on
Wednesday, but cautioned that trading conditions and the outlook
remain subject to a higher-than-normal volatility due to
pandemic-related disruptions.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 17, 2020 11:47 ET (16:47 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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