Maersk Q4 profit lag forecast

Shipping group A.P. Moller-Maersk on Wednesday reported fourth-quarter earnings slightly below expectations and forecast 2023 profits significantly below last year's levels.

The company said in a statement it expected underlying earnings before interest, taxation, depreciation and amortisation (EBITDA) between $8 billion and $11 billion this year, compared with $36.8 billion last year.

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