Maersk lifts 2022 guidance on global supply chain congestion

© Reuters. FILE PHOTO: Mobile cranes prepare to stack containers at Thar Dry Port in Sanand in the western state of Gujarat, India, February 10, 2016. REUTERS/Amit Dave/
COPENHAGEN (Reuters) – Shipping group Maersk on Tuesday revised up its expectations for operating profit in 2022 and posted second-quarter revenue above a previous forecast as a result of congestion in global supply chains.
The company now expects underlying earnings before interest, taxation, depreciation and amortisation (EBITDA) of around $37 billion, up from its previous forecast of $30 billion.
Revenue in the second quarter stood at $21.7 billion, it said.
More Stories
Oil inches higher as Middle East tensions heat up
© Reuters. Army soldier miniatures and stock graph are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo...
Asian stocks rise before US CPI; Japan’s Nikkei extends rally
. JP225 +1.88% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: + Add another position...
SEC approves spot Bitcoin ETFs
. SEC approves spot bitcoin ETFs BTC/USD +1.76% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully...
Google lays off hundreds in Assistant, hardware, engineering teams
© Reuters. The Google logo is seen on the Google house at CES 2024, an annual consumer electronics trade show,...
Amazon has not offered remedies to EU concerns over iRobot deal
© Reuters. FILE PHOTO: The logo of Amazon is seen at the company's logistics centre in Boves, France, October 6,...
Stocks climb as megacaps lead; inflation data, earnings on deck
© Reuters. FILE PHOTO: People walk around the Financial District near the New York Stock Exchange (NYSE) in New York,...