Latest news with #APMollerMaersk
Bloomberg
23-05-2025
- Business
- Bloomberg
Rio Tinto Wants a New Boss to Build Miner for the Future
When Jakob Stausholm took the top job at Rio Tinto Group, his task was to repair the reputation of a company that had just blasted through a 46,000-year-old sacred Aboriginal site and bungled its response. Now the world's second-largest miner has decided it needs a boss that can lead it into the future. Then, Stausholm, a sober Dane who came to Rio as chief financial officer after time at AP Moller-Maersk A/S and Shell Plc, stepped into the least desirable job in mining. He has repaired relationships and edged the company toward new investments, including lithium — a battery material most of his rivals have shunned.
Yahoo
16-05-2025
- Business
- Yahoo
European Dividend Stocks To Consider For Your Portfolio
As European markets continue to navigate the complexities of global trade tensions, the pan-European STOXX Europe 600 Index has shown resilience, rising for a fourth consecutive week. In this environment, dividend stocks can offer investors a measure of stability and income potential, making them an attractive consideration for those looking to bolster their portfolios amidst uncertain economic conditions. Name Dividend Yield Dividend Rating Bredband2 i Skandinavien (OM:BRE2) 4.36% ★★★★★★ Zurich Insurance Group (SWX:ZURN) 4.47% ★★★★★★ Allianz (XTRA:ALV) 4.42% ★★★★★★ Julius Bär Gruppe (SWX:BAER) 4.40% ★★★★★★ Rubis (ENXTPA:RUI) 6.66% ★★★★★★ S.N. Nuclearelectrica (BVB:SNN) 9.60% ★★★★★★ HEXPOL (OM:HPOL B) 4.75% ★★★★★★ Cembra Money Bank (SWX:CMBN) 4.22% ★★★★★★ OVB Holding (XTRA:O4B) 4.46% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.56% ★★★★★★ Click here to see the full list of 229 stocks from our Top European Dividend Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Dividend Rating: ★★★★★☆ Overview: A.P. Møller - Mærsk A/S operates as an integrated logistics company both in Denmark and internationally, with a market cap of DKK195.69 billion. Operations: A.P. Møller - Mærsk A/S generates revenue through its Ocean segment at $38.29 billion, Logistics & Services at $14.90 billion, and Terminals at $4.70 billion. Dividend Yield: 8% A.P. Møller - Mærsk's dividend payments have been volatile over the past decade, though recent increases indicate potential growth. The company's dividends are well covered by both earnings and cash flows, with payout ratios of 34.4% and 29.1%, respectively. Despite a highly volatile share price, Maersk's dividend yield is among the top in Denmark at 8.05%. Recent strategic moves include a significant agreement with DP World to expand services in Brazil, potentially impacting future earnings stability. Click to explore a detailed breakdown of our findings in A.P. Møller - Mærsk's dividend report. Our comprehensive valuation report raises the possibility that A.P. Møller - Mærsk is priced lower than what may be justified by its financials. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: HOMAG Group AG, with a market cap of €470.64 million, manufactures and sells machines and solutions for the wood processing and timber construction industries worldwide through its subsidiaries. Operations: HOMAG Group AG generates its revenue through the manufacture and sale of machinery and solutions tailored for the wood processing and timber construction sectors on a global scale. Dividend Yield: 3.4% HOMAG Group's dividend has been stable and reliable over the past decade, with recent increases reflecting growth. The payout ratio of 50.5% suggests dividends are covered by earnings, though cash flow coverage is unclear due to insufficient data. Despite a volatile share price recently, the dividend yield of 3.37% remains attractive but below top-tier levels in Germany. Recent financials show declining revenue and net income, potentially affecting future dividend sustainability. Click here to discover the nuances of HOMAG Group with our detailed analytical dividend report. In light of our recent valuation report, it seems possible that HOMAG Group is trading beyond its estimated value. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Texaf S.A. develops, owns, and leases real estate properties in the Democratic Republic of Congo with a market cap of €126.86 million. Operations: Texaf S.A.'s revenue is primarily derived from its real estate segment, which accounts for €27.27 million, supplemented by its quarrying operations at €5.10 million and digital activities contributing €0.56 million. Dividend Yield: 5.1% Texaf S.A. recently announced a dividend increase to EUR 1.23 per share, maintaining a stable and reliable dividend history over the past decade. While the payout ratio of 86.7% indicates dividends are covered by earnings, net income has decreased from EUR 11.64 million to EUR 7.43 million year-on-year, impacting profit margins significantly (from 40.1% to 23.5%). The cash payout ratio of 53.6% suggests dividends remain sustainable despite these challenges, though the yield is below Belgium's top tier at 5.08%. Take a closer look at Texaf's potential here in our dividend report. Upon reviewing our latest valuation report, Texaf's share price might be too optimistic. Investigate our full lineup of 229 Top European Dividend Stocks right here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CPSE:MAERSK B DB:HG1 and ENXTBR:TEXF. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
12-05-2025
- Business
- Yahoo
Transactions in connection with share buy-back program
AnnouncementA.P. Møller - Mærsk A/S – Transactions in connection with share buy-back programOn 5 February 2025, A.P. Møller - Mærsk A/S (the 'Company') announced a share buy-back program of up to DKK 14.4bn (around USD 2bn) to be executed over a period of 12 months. The first phase of the share buy-back program will run from 7 February up to 6 August 2025. The shares to be acquired will be limited to a total market value of DKK 7.2bn (around USD 1bn). The share buy-back program will be executed under EU Commission Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 (the 'Safe Harbour Regulation'). The following transactions have been made under the program in the period Monday 5 May to Friday 9 May, 2025: Number of A shares Average purchase price A shares, DKK Transaction value, A shares, DKK Accumulated, last announcement 48,846 558,555,020 5 May 2025 680 11,760.1765 7,996,920 6 May 2025 650 11,581.7077 7,528,110 7 May 2025 1,000 11,118.8500 11,118,850 8 May 2025 700 11,271.2286 7,889,860 9 May 2025 700 11,327.5286 7,929,270 Total 5 – 9 May 2025 3,730 42,463,010 Accumulated under the program 52,576 601,018,030 Number of B shares Average purchase price B shares, DKK Transaction value, B shares, DKK Accumulated, last announcement (market and the Foundation) 276,576 3,212,943,608 5 May 2025 3,410 11,860.0528 40,442,780 6 May 2025 3,260 11,671.3804 38,048,700 7 May 2025 5,011 11,262.6981 56,437,380 8 May 2025 3,508 11,404.9872 40,008,695 9 May 2025 3,508 11,459.1975 40,198,865 Total 5 – 9 May 2025 18,697 215,136,420 Bought from the Foundation* 2,446 11,506.5376 28,144,991 Accumulated under the program (market and the Foundation) 297,719 3,456,225,019 *) According to a separate agreement, A.P. Møller og Hustru Chastine Mc-Kinney Møllers Familiefond (the Foundation) participates on a pro rata basis to the shares purchased in the share buy-back program. With the transactions stated above, the Company owns a total of 52,576 A shares and 405,215 B shares as treasury shares, corresponding to 2.89% of the share capital. Details of each transaction are included as appendix. Copenhagen, 12 May, 2025 Contact persons: Head of Investor Relations, Stefan Gruber, tel. +45 3363 3484 Head of Media Relations, Jesper Lov, tel. +45 6114 1521 Page 1 of 1Attachments Announcement - Transactions in connection with share buy-back program - week 19 2025 Daily transactions in connection with share buy-back program - week 19 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
A P Moller Maersk AS (AMKAF) Q1 2025 Earnings Call Highlights: Navigating Challenges with ...
EBITDA: $2.7 billion for Q1 2025. EBIT: $1.3 billion for Q1 2025, with a margin of 9.4%. Logistics & Services EBIT Margin: Improved to 4.1% year-on-year. Terminals Return on Invested Capital (ROIC): 14.5% for the quarter. Free Cash Flow: $806 million for Q1 2025. Net Profit After Tax: $1.2 billion for Q1 2025. Cash and Deposits: $22.3 billion, with a net cash position of $5.2 billion. Return on Invested Capital (ROIC): 14.3% for the last 12 months. Cash Flow from Operations: $2.8 billion for Q1 2025. Gross CapEx: $1.4 billion for Q1 2025. Ocean Utilization: 92% for Q1 2025. Terminals Revenue Growth: 23% year-on-year increase. Terminals EBIT: $394 million, with a margin of 32%. Warning! GuruFocus has detected 5 Warning Sign with AMKAF. Release Date: May 08, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. A P Moller Maersk AS (AMKAF) achieved an EBITDA of $2.7 billion and an EBIT of $1.3 billion for Q1 2025, demonstrating solid financial performance. The Logistics & Services segment showed significant year-on-year improvement in EBIT margin to 4.1%, with a target to reach 6% during 2025. The Terminals business delivered strong results with a return on invested capital of 14.5%, driven by high volumes and increased revenue per move. The company maintained a strong balance sheet with a net cash position of $5.2 billion, allowing for continued investment and shareholder returns. The new Gemini network has introduced greater flexibility and reliability in fleet operations, allowing for efficient capacity management and cost savings. A P Moller Maersk AS (AMKAF) revised its container market volume growth outlook to a range of minus 1% to plus 4% due to increased macroeconomic and geopolitical uncertainties. The Ocean segment experienced a continuously declining rate environment, impacting profitability despite high vessel utilization. The Fulfilled by Maersk business within Logistics & Services is still delivering negative EBITDA, requiring further measures to improve profitability. The company faces challenges from the ongoing US-China trade tensions, which have led to a 30% to 40% drop in China-US trade volumes. There is uncertainty regarding the reopening of the Red Sea, which could impact supply chain routes and operational costs. Q: How do you see the current drop in China-US trade volumes evolving, and what are customers saying about inventory positions? A: Vincent Clerc, CEO, explained that the 30-40% drop in volumes is due to customers reacting quickly by canceling or stopping orders. If a de-escalation occurs, there could be a catch-up effect with stronger demand from China. However, if the situation becomes entrenched, customers are currently drawing on inventories in the US, Canada, and Mexico, waiting to see how tariffs will affect their supply chains. Q: Can you discuss the capacity plans for the Ocean business, particularly in relation to the Gemini network? A: Vincent Clerc, CEO, stated that the increase in capacity is due to longer sailing routes around the Cape of Good Hope, requiring more tonnage. The Gemini network provides flexibility, allowing for vessel swapping to manage capacity efficiently. The company aims to maintain its scale by lifting 12.5 to 13 million FFEs annually. Q: What measures are being taken to improve the profitability of the Fulfilled by Maersk business within Logistics & Services? A: Patrick Jany, CFO, mentioned that they are addressing operational issues in Last Mile and Middle Mile in the US, stepping out of unprofitable contracts, and focusing on cost management. Improvements are expected in the coming quarters, with Warehousing already showing positive results. Q: How do you view the potential impact of repositioning capacity on freight rates, particularly in Asia-Europe trade lanes? A: Vincent Clerc, CEO, noted that capacity can be reactivated quickly if demand rebounds. While rates have been stable recently, the market's growth and capacity management will influence future rate stability. The company has observed responsible pricing behavior across the industry. Q: Given the ongoing uncertainty, does this affect your share buyback plans? A: Patrick Jany, CFO, confirmed that the share buyback program is dimensioned to maximize possibilities within market rules. The strong balance sheet allows for continued investment in business growth and share buybacks, maintaining the planned timetable. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
News24
08-05-2025
- Business
- News24
Agrimark owner grows dividend; Maersk cuts its global container projection
In an extremely busy day for local corporate news, Agrimark and PEG fuel owner KAL upped its dividend despite some profit pressure, while Gemfields is picking up the pace again in Zambia. In international news, shipping group AP Moller-Maersk warned on Thursday that a global trade war and geopolitical uncertainty could trigger a drop in global container volumes this year, although it left its profit outlook unchanged. SA business Agricultural services and retail group KAL reported a slight slip in headline earnings to R310 million for its six months to end March amid a 2.6% fall in fuel volumes. But the group said while it saw less load-shedding related demand, it continued to outperform the rest of the industry. Profit from the Agrimark business segment, which includes the Agrimark retail branches, fuel filling stations, packaging distribution centres, New Holland agency services as well as fuel redistribution units, increased by 2.4%, while agri revenue - such as grain handling - growth was strong, with all sectors in which it operates performing well, except for the below-average 2024 wheat harvest. But the group remains bullish about its prospects, including due to Easter holidays falling in its second half, and it upped its dividend by 3.7% to 56c (R41.6 million. 'KAL Group has grown tenfold over the past 14 years. To put it in perspective – fourteen years ago, we made just 10% of what we've reported this half. That kind of growth, even in a flat period, shows that our business remains solid,' said CEO Sean Walsh. Ruby and emerald miner and auctioneer Gemfields announced that its Kagem emerald mine in Zambia which is 25% owned by that country's government, will 'shortly' recommence a programme of focused open-pit mining to recover more premium emeralds. Kagem had suspended all mining from 1 January 2025 to focus on processing ore from its significant ore stockpile utilising the upgraded processing plant. Emerald production from the processing plant in 2025 so far, in terms of carats recovered, has been in line with the expectations, it said, producing a lower proportion of higher-quality or premium emeralds than direct open-pit mining methods. The decision to recommence full-scale mining will continue to be assessed as market conditions develop, it added. Anheuser-Busch InBev reported that its brands took market share from competitors in South Africa, with Corona and Stella Artois seeing solid sales growth in the country in the first quarter. Still, the Belgium-headquartered giant reported a volume decline of 'low single digits' (below 5%) in South Africa, where its brands include Castle Lager, Carling Black Label, and Flying Fish. Along with others in the industry, the quarter was affected by the late Easter holidays, which this year fell later in April. Its 'Beyond Beer' brands – primarily Brutal Fruit – saw volume growth of mid-single digits, while Corona and Stella Artois volumes were up in the low-teens (10% to 14%). State-owned chicken producer Daybreak Foods says it is considering business rescue, a day after officials from the National Council of Societies for the Prevention of Cruelty to Animals (NSPCA) said they were forced to cull 350 000 starving chicks. Daybreak said that significant financial constraints were affecting its operations, meaning it could not afford feed and was struggling to pay suppliers and staff salaries. It has requested funding from the state-run asset manager, the Public Investment Corporation (PIC). Workers at Daybreak's facilities in Limpopo told News24 they were on strike due to the non-payment of salaries, meaning they could not make rental payments, cover debit orders, or pay for scholarships. Daybreak said it could not commit to a 'specific date for employee salary payments' as it was awaiting a response from the PIC regarding the funding request. Earlier this week, the NSPCA said it had been forced to cull 350 000 starving chicks at contract farms that raise them for Daybreak. Many had resorted to cannibalism in a desperate bid to survive. products or services,' Godongwana said in a written response dated 14 February this year. Paper, pulp and packaging group Sappi reported a disappointing second quarter amid depressed SA wood prices, as well as longer-than-expected local maintenance shuts. Sappi reported a loss of $20 million (R365 million) for its second quarter to end March from a profit of $29 million previously. Its adjusted earnings before interest, taxation, depreciation and amortisation fell 40.5% to $107 million. The group reported a financial hit of $13 million more than expected as a result of extended maintenance at its Saiccor and Ngodwana mills due to wear and tear on equipment being worse than expected, though these issues have now been resolved. It also saw a R307 million ($17 million) forestry fair value loss amid depressed SA wood prices. It also had to contend with uncertainty around tariffs, with China being the major demand source for the ingredients used to make textiles, but Sappi said it was still eyeing some positive trends, including continued demand for environmentally sustainable packaging. Naspers and Prosus, Africa's most valuable group of companies, said on Thursday that it expects to exceed its target for ecommerce profitability in its year to end March. In a letter to mark the 10 months since new CEO Fabricio Bloisi assumed the role, and ahead of full-year results to end March that are expected in June, Bloisi said the group will report adjusted earnings before interest and tax (aEBIT) of more than $430 million (R7.9 billion), ahead of a target of $400 million set in October. 'For (financial year 2026), I want to achieve at least the same level of incremental aEBIT. This is important because we should be measuring our results not by the millions, but by many, many billions and we will get there,' he said. Bloisi, who is the former CEO of iFood, the group's already profitable Brazilian delivery giant, has set a target of creating another $100 billion in shareholder value, aiming to leverage platform effects across the group - such as sharing best practice using innovative technology in customer service - but also through acquisitions. Sugar producer Tongaat Hulett announced that two shareholders launched a High Court application on 25 April seeking to declare that its business rescue plan alters the rights of shareholders and has not been finally or lawfully adopted. Tongaat said it would oppose the motion, which seeks to interdict any further implementation. Creditors had approved the plan of a consortium called Vision in early 2024, but shareholders shot down a plan that could have seen the sugar producer potentially remain listed, kicking off an asset sales process that has already received nods from competition authorities in SA, Botswana, Mozambique and Zimbabwe. Paper and packaging giant Mondi reported it that higher sales volumes and strong cost controls helped bump up its first-quarter profits. Underlying earnings before interest, taxation, depreciation and amortisation jumped almost 36% year on year to €290 million (almost R6 billion) in the three months to end March, with this profit measure excluding various items to reflect the cash-generating ability of the group. Strong demand also means the group expects price increases to benefit it in the second quarter. Nasdaq- and JSE-listed Lesaka Technologies reported a record performance in its consumer division helped it keep to its guidance for its third quarter, and it's confident enough to expect a profit next year as well. Lesaka, which has been growing rapidly since rebranding from Net1 UEPS in 2022, reported its loss jumped to R404 million from about R76 million in its third quarter, weighed down by about a R311-million hit to non-core asset Mobikwik, an Indian payments firm which listed in that country late last year. However, revenue was within guidance, though it dipped, while adjusted earnings before interest, taxation, depreciation and amortisation (ebitda) improved 29% in rand terms to about R237 million, in line with guidance. The group also said it expects net income attributable to shareholders to be positive in 2026, though this excludes possible acquisitions, while its guidance for 2026 implies an about 42% rise in adjusted ebitda at the midpoint. It has guided as much as R1 billion of this profit measure for 2025 and R1.45 billion for 2026. Industrial group enX flagged a between 71% and 81% fall in headline earnings per share for its six months to end February, when it also expects to report a basic loss per share of as much as 48c. Revenue from continuing operations is expected to decrease by approximately 10% mainly due to lower demand related to minimal loadshedding, it said, while it also booked an impairment related to its disposal of its lubricant interests. Stellenbosch University has appointed Professor Reza Daniels, Director of the Southern Africa Labour and Development Research Unit at the University of Cape Town, as the new Dean of the Faculty of Economic Management Sciences (EMS). He will start his term on 1 November 2025. Daniels brings a wealth of experience in senior leadership, not only within the higher education environment but also within the private sector, the university said in a statement. Global business Shipping group AP Moller-Maersk warned on Thursday that a global trade war and geopolitical uncertainty could trigger a drop in global container volumes this year, although it left its profit outlook unchanged. Trade tariffs imposed by US President Donald Trump have prompted companies worldwide to cut sales targets and major economies to revise down growth prospects, impacting demand for shipping goods at sea. Maersk, viewed as a barometer of world trade, said it now expects global container volumes within a range of down 1% to up 4% this year, compared with the 4% growth estimated at the beginning of the year. 'The outlook for global container demand over the remainder of the year remains highly uncertain, shaped by a rapidly evolving trade policy landscape and increasing recession risks in the United States,' Maersk said. - Reuters Dubai's Emirates Group, which includes the Middle East's biggest airline, announced on Thursday gross annual profit of $6.2 billion (R112 billion), its third record in three years. The 18% rise in profit, based on strong customer demand, slimmed to $5.6 billion after the UAE's recently introduced corporate tax, which was applied for a full financial year for the first time. 'The Emirates Group has raised the bar to set new records for profit, revenue and cash assets,' chairman Sheikh Ahmed bin Saeed Al Maktoum said in a statement. The group invested $3.8 billion in new aircraft, infrastructure and technology 'to support its growth plans', the statement said. Its workforce grew by 9% to an unprecedented 121 223 employees. The group declared a $1.6 billion dividend to its owner, the Investment Corporation of Dubai (ICD). - AFP The European Commission proposed on Thursday countermeasures on up to €95 billion (almost R2 trillion) of US imports if negotiations with Washington fail to remove the series of tariffs applied by US President Donald Trump. The new measures, representing the EU's response to US import tariffs on cars and its broader 'reciprocal' tariffs, would target US wine, fish, aircraft, car and car parts, chemicals, electrical equipment, health products and machinery. The European Commission, which coordinates trade policy for the 27-nation EU, said it was launching a month-long consultation for EU members and business to react. It will then take a final decision on its counter-tariffs, likely to hit a smaller volume of US imports. The announcement of a new list of products the EU may target comes on the day Trump is expected to announce a trade deal between the United States and Britain. – Reuters Sportswear brand Puma reported a decline in first-quarter profit margin on Thursday and no growth in first-quarter sales as the company cuts costs in an attempt to turn its performance around. Puma sales of €2.076 billion (R42.5 billion) were slightly better than analysts' forecast of €2.041 billion, up by 0.1% compared with the first quarter last year. - Reuters China's top chipmaker SMIC said Thursday its first-quarter profit surged, despite a punishing trade war and tensions between Beijing and Washington over key technologies. China has sought to increase its self-reliance in the field of semiconductors, which are used in everything from televisions and cars to weapons and supercomputers. The United States has taken steps to stop Chinese firms from accessing its advanced technology and tightened curbs on exports of state-of-the-art chips and the equipment to make them. SMIC reported in a filing to the Hong Kong Stock Exchange on Thursday that first-quarter profit attributable to owners of the company stood at $188 million, up 161.9% compared to the equivalent period last year. The Shanghai-based company said revenue rose 28.4% year-on-year to $2.2 billion. These results marked an improvement for the company after annual profits plunged 45.4% last year compared to 2023. The company said it expected revenue to decrease 4% to 6% in the second quarter, adding that it saw 'both opportunities and challenges' in the second half of the year. 'The company will enhance its adaptability and risk resilience capability,' it said. - AFP $200 billion (R3.6 trillion) Bill Gates pledged on Thursday to give away almost his entire personal wealth in the next two decades and said the world's poorest would receive some $200 billion via his foundation, which comes as governments worldwide are slashing international aid, Reuters reported.
