AMKAF - A.P. Møller - Mærsk A/S Q3 profits improve

A.P. Møller - Mærsk A/S (AMKAF): Q3 net income of $947M from $520M a year earlier.Underlying profit of $1.04B vs. $452M in Q3 2019.Revenue of $9.92B (-1.4% Y/Y)EBITDA increased by 39% to $2.3B ($1.7B) with increases in all segments.Ocean EBITDA increased by $511M to $1.8B ($1.3B prior year)Logistics & Services EBITDA of $131M ($91M)Terminals & Towage EBITDA of $328M vs. $315M in Q3 2019.EBITDA before restructuring and integration of $2.4B.The Board of Directors has decided to initiate a new share buy-back program of DKK 10B (around $1.6B).Press ReleasePreviously: Maersk hikes full-year guidance for second time since October (Nov. 17)

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A.P. Møller - Mærsk A/S Q3 profits improve