ICYMI: Maersk raised its 2022 profit guidance for a second time after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected
Q2 underlying EBITDA $10.3 bln raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected.
"Congestion in global supply chains leading to higher freight rates has continued longer than initially anticipated," Maersk said in a statement.It now expects underlying earnings before interest, taxation, depreciation and amortisation of around $37 billion versus the $30 billion it forecast earlier. Maersk had initially expected full-year EBITDA at $24 billion.
Electrolux, Europe's biggest home appliances maker, last month missed second-quarter profit expectations in part due to supply chain problems, but said the supply chain situation looked better for the third and fourth quarters.
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