August 29, 2014 4:50 AM ET

Marine

Company Overview of Maersk Agency Denmark A/S

Company Overview

Maersk Agency Denmark A/S, a liner shipping company, offers container vessels and cargo transportation services. The company was founded in 1978 and is headquartered in Aarhus, Denmark. Maersk Agency Denmark A/S operates as a subsidiary of A.P. Møller - Mærsk A/S.

Hedeager 5

Aarhus N

Aarhus,  8200

Denmark

Founded in 1978

Phone:

45 89 34 80 00

Key Executives for Maersk Agency Denmark A/S

Regional Head of Asia-Pacific Division
Chief Commercial Officer
Age: 49
Compensation as of Fiscal Year 2014.

Maersk Agency Denmark A/S Key Developments

Maersk Agency Denmark A/S Announces Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Full Year of 2013

Maersk Agency Denmark A/S announced earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $6,313 million compared with $6,312 million for the same period a year ago. EBITDA was $631 million compared with LBITDA of $162 million for the same period a year ago. EBIT was $195 million compared with LBIT of $571 million for the same period a year ago. Net operating profit after tax was $204 million compared with net operating loss after tax of $599 million for the same period a year ago. Cash inflow from operating activities was $762 million compared with cash outflow from operating activities of $257 million for the same period a year ago. Cash used in capital expenditure was $479 million compared with $1,130 million for the same period a year ago. The company still expects a result above 2012 ($461 million) based primarily on further unit cost reductions and the stronger result in first quarter compared to last year. Global demand for seaborne containers is expected to increase by 2-4% in 2013, lower on the Asia­Europe trades but supported by higher growth for imports to emerging economies.

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