69

Business

Maersk in strong first quarter showing

admin
May 21st, 2014


This article is more than 10 years old.

The Danish shipping and oil and gas giant Maersk has enjoyed a solid start to 2014, revealing first quarter results that were better than predicted.

The Maersk Group posted profits before tax of 11.3 billion kroner – a considerable improvement on last year’s first quarter in which it netted 8.66 billion kroner, and higher than its predictions of 10.45 billion kroner.

"The group delivered a satisfactory result for the first quarter,” the group’s chief executive, Nils Andersen, said in a press release.

“Net profit improved by 51 percent driven by all five business units except for Maersk Drilling, which delivered as expected.”

READ MORE: Maersk Line struggling to fill mega container ships

Container lift
The company has decided to upgrade its 2014 annual expectations for its container division, Maersk Line, after posting quarterly profits of 2.5 billion kroner – well over twice as much as the 1.1 billion kroner posted in the same period in 2013.

“APM Terminals increased volumes and Maersk Line was positively influenced by high utilisation and continued cost reduction,” Andersen said.

Andersen went on to maintain that the company was satisfied with the quarterly progress made towards its strategic ambitions, and that the annual 2014 expectations in other areas of the group will remain as they are.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”