Annual Report 2021

In 2021, A.P. Moller Holding accelerated the portfolio renewal.

A.P. Møller Holding A/S (A.P. Moller Holding), the parent company of the A.P. Moller Group, experienced significant momentum with its long-term strategy of portfolio renewal in 2021. The acquisitions of Faerch and Nissens Cooling Solutions were completed, an agreement to acquire Unilabs was signed and Innargi was established as a stand-alone company. There have been several add-on acquisitions in the portfolio companies such as A.P. Moller - Maersk signing an agreement to acquire LF Logistics and Senator International, Faerch signing an agreement to acquire Paccor and KK Wind Solutions signing an agreement to acquire PCH Engineering.

The year ended on a historic high note, with revenue of DKK 408bn (USD 65bn), EBITDA of DKK 154bn (USD 25bn), a net result of DKK 119bn (USD 19bn), and consolidated assets of DKK 579bn (USD 88bn). A.P. Moller Holding remains debt free with a full year cash inflow of DKK 8.8bn (USD 1.4bn) and net asset value of DKK 224bn (USD 34bn), representing an increase of 57% in 2021.

"The positive developments of 2021 are overshadowed by recent geopolitical developments. The invasion of Ukraine represents one of the darkest moments in Europe since World War II. Our hearts and minds are with the people of Ukraine, including many friends, colleagues and customers. We are encouraged to see how affiliates contribute in different ways. A.P. Moller – Maersk has set up warehousing operations and supply chains to provide food and medical supplies via the World Food Programme, UNHCR, EU and USAID. Our Foundation has also pledged significant financial support to Red Cross to accelerate relief programmes and help courageous volunteers in Ukraine."

Robert M. Uggla, CEO at A.P. Moller Holding


For further information please contact Mika Bildsøe Lassen, Head of Branding and Corporate Communications, or +45 2055 2655

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How to find us

Postal address

A.P. Møller Holding A/S
Esplanaden 50
1263 Copenhagen K

Visiting address

A.P. Møller Holding A/S
Esplanaden 19
1263 Copenhagen K



T: +45 61 18 10 20




Mika Bildsøe Lassen
T: +45 20 55 26 55