*
Maersk raises full-year profit outlook amid resilient
global
demand
*
Global container volumes expected to grow 2%-4%, up from
previous estimates
*
Q2 EBITDA rose 7% to $2.3 billion, beating analyst
expectations
(Adds container market forecast, quote in paragraphs 2-3)
By Jacob Gronholt-Pedersen
COPENHAGEN, Aug 7 (Reuters) - Shipping group A.P.
Moller-Maersk on Thursday raised its full-year
profit outlook as global demand for ocean container freight
showed resilience despite concerns of trade wars.
Maersk, viewed as a barometer of world trade, said it now
expects global container volumes to grow between 2% and 4%,
compared with a range of down 1% and up 4% growth
estimated in May
.
A contraction in U.S. imports "was more than offset" by
strong growth in imports into other regions, including Europe,
Maersk said in its second-quarter earnings statement.
"Even with market volatility and historical uncertainty in
global trade, demand remained resilient, and we've continued to
respond with speed and flexibility," CEO Vincent Clerc said.
Maersk now expects underlying earnings before interest, tax,
depreciation and amortisation (EBITDA) this year of between $8
billion and $9.5 billion, compared with its previous guidance of
between $6 billion and $9 billion.
Maersk said EBITDA rose 7% year-on-year in the second
quarter to $2.3 billion, compared with $1.98 billion expected by
analysts.
Sales rose 3% year-on-year to $13.1 billion between April
and June, compared with $12.61 billion expected by analysts in a
company-compiled poll.