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Maersk Lifts Profit Outlook

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WATCH: CEO Soren Skou comments on the outlook for container volumes and global supply chains.(Source: Bloomberg)
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The world’s largest container line may generate $1.5 billion more in operating profit this year than previously expected, as its business proves resilient to the Covid-19 crisis.

A.P. Moller-Maersk A/S provided guidance for the first time since March, and painted a brighter picture of the future than investors and analysts had anticipated. Soren Skou, Maersk’s chief executive, said he now expects container volumes to be back at 2019 levels by the beginning of next year.