Q4 2018 AP Moeller - Maersk A/S Earnings Call Transcript

Feb 21, 2019 / 10:00AM GMT
¸ren Skou - A.P. Møller-¦rsk A/S-CEO - CEO of Transport & Logistics Division, Interim COO and Member of Management Board

Good morning, everybody, and thank you for listening in on our earnings call this morning. My name is Soren Skou, I'm the CEO of A.P. Møller - Maersk, and I'm joined here today by Claus Hemmingsen, our Vice CEO; Carolina Dybeck Happe, our CFO; Vincent Clerc, Chief Commercial Officer; and Søren Toft, Chief Operating Officer.

I invite you, as always, just to look at the statements around -- or the disclaimer around forward-looking statements.

So now moving into the report. I'll start with a transformation update. 2018 was a year where we made significant progress on the journey to become a completely different company. We have gone from being a conglomerate, operating 8 different divisions with a big corporate layer on top, to now being organized as one company with one frontline organization for our Ocean and Logistics & Services businesses. That

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