Q4 2022 AP Moeller - Maersk A/S Earnings Call Transcript

Feb 08, 2023 / 10:00AM GMT
Vincent Clerc - A.P. Møller-¦rsk A/S-Executive VP - CEO, Member of Management Board and CEO of Ocean & Logistics

Good morning, everyone and thank you for joining us today, as we present the 2022 Full-Year and Fourth Quarter Results and an outlook for 2023. My name is Vincent Clerc, I'm the CEO of A.P. Moller Maersk and I'm joined today by our CFO, Patrick Jany. We can move past those. As I take the helm from Soren Skou, I'm thrilled to deliver a record financial year in all aspects. Last February, Soren looked back on a record financial performance in 2021 and yet 2022 full-year revenues of USD 81.5 billion and EBITDA of USD 36.8 billion, topped the previous year's by 32% and 53% respectively.

Each segment contributed to this record result right across the board. We delivered precisely on the guidance that we set after Q2 2022 despite the fact that just after we gave that guidance, ocean freights and volumes tumbled as lower consumer demand and inventory corrections set in.

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