A. P. Møller-Mærsk’s result in 2008 was almost at the same level as 2007, despite the changes in the group and high oil prices. The turnover was USD 61.2 billion (DKK 311 billion), profit before taxes and deductions was USD 16.5 billion (DKK 83 billion). The net profit was USD 3.5 billion (DKK 17.6 billion), compared to USD 3.4 billion in 2007. The Group has deducted a loss of the value of its shares in Danske Bank by DKK 900 million, against a profit of DKK 3 billion in 2007.
The management finds the result for 2008 as at an acceptable level with higher profits in most areas, taking the circumstances into consideration. The outlook for 2009 is subject to considerable uncertainty, not least due to development in the global economy.
Specific uncertainties relate to the development in container freight rates, transported volumes, the USD exchange rate and oil prices. For the group overall, a result excluding gains on sale of ships, rigs, etc. is expected to be significantly below 2008 which was USD 2.6 billion. The equity was at the end of the year USD 29.9 billion (DKK 158.3 billion).
The management finds the result for 2008 as at an acceptable level with higher profits in most areas, taking the circumstances into consideration. The outlook for 2009 is subject to considerable uncertainty, not least due to development in the global economy.
Specific uncertainties relate to the development in container freight rates, transported volumes, the USD exchange rate and oil prices. For the group overall, a result excluding gains on sale of ships, rigs, etc. is expected to be significantly below 2008 which was USD 2.6 billion. The equity was at the end of the year USD 29.9 billion (DKK 158.3 billion).