Maersk's Financial Triumph

In an impressive financial disclosure, AP Moller-Maersk, the global shipping behemoth, witnessed its shares soar over 10% after announcing its fourth-quarter earnings, which significantly exceeded market expectations.

Breaking Down the Numbers

The Danish conglomerate reported a staggering EBITDA of $3.6 billion for the quarter, outperforming the anticipated $3 billion. This remarkable achievement contributed to a 26% increase in the full-year EBITDA, culminating in $12.13 billion.

Market Reaction

Following the earnings report, Maersk's shares experienced a notable uptick, reaching an intraday high and ultimately closing up 9.13% at 11,862 by 11:03 am CET, reflecting the market's enthusiastic response to the company's financial health and prospects.