A. P. Moller Maersk A/S (OTCPK:AMKAF)
$ 1527.19 -6 (-0.39%) Market Cap: 25.70 Bil Enterprise Value: 22.50 Bil PE Ratio: 14.68 PB Ratio: 0.50 GF Score: 81/100

Q2 2021 AP Moeller - Maersk A/S Earnings Call Transcript

Aug 06, 2021 / 09:00AM GMT
Release Date Price: $2641.41 (-1.09%)
Soren Skou;ller;MÃ;rsk A;S;CEO
A.P. MÃ;CEO of Transport & Logistics Division, Interim COO and Member of Management Board

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Good morning, everybody, and thank you all for listening in on our earnings call for the second quarter of 2021. My name is Soren Skou. I'm the CEO of A.P. Møller - Maersk, and I'm joined today with -- by our CFO, Patrick Jany; and Vincent Clerc, CEO of Ocean and Logistics.

Now let me start by saying that, as you all know, this quarter has been significantly impacted by exceptional market conditions, both through very strong demand from a low Q2 '20, but also with multiple instances of bottlenecks and congestion and disruption. And all of that has, of course, impacted our global network and made it very difficult for us to serve our customers at the level we aim to.

While these changes have been many, and we have had severe impacts on our customers, we have consistently prioritized our strategic long-term partnership customers to partially insulate them from much of

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