Annual Report 2022

During an extraordinary year, A.P. Moller Holding delivered strong results and experienced good momentum on many fronts

The A.P. Moller Group ended 2022 on a historic high note financially, with revenue of DKK 611bn (USD 86bn), EBITDA of DKK 266bn (USD 38bn), a net result of DKK 204bn (USD 29bn), and total assets of DKK 790bn (USD 113bn).

A.P. Møller Holding A/S (A.P. Moller Holding), the parent company of the A.P. Moller Group, continued its strategy to invest in and develop businesses (‘nyttig virksomhed’) across four selected themes: 1. global trade, 2. the energy transition, 3. circularity, water & waste recovery and 4. demographics & societal changes.

"Our Group navigated a volatile environment in 2022, with a pandemic coming to an end, the beginning of a brutal war in Ukraine, increased geopolitical fragmentation, congested supply chains, disrupted energy markets, and rapidly rising inflation. A.P. Moller Holding, the parent company of our Group, delivered strong results and showed good momentum on many fronts. We are grateful for the huge contributions from many colleagues across our Group."

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

Highlights

A.P. Moller - Maersk delivered all time high results due to strong container freight markets
Danske Bank reached final settlements with US and Danish authorities in connection with the Estonia case
We completed the acquisition of Unilabs, which during the year, acquired RIMED, a leading Swiss diagnostic radiology company, and Le Labo, a French in-vitro diagnostics company
Faerch continued its growth and completed the acquisition of PACCOR
The merger between Maersk Drilling and Noble Corporation was successfully completed
KK Wind Solutions announced the acquisition of Vestas’ converter & controls business and is about to become the world’s biggest converter producer for the wind industry
Maersk Tankers and Maersk Product Tankers delivered strong results due to strong tanker freight markets
Innargi signed a contract with Aarhus and an LOI for parts of the Copenhagen area
We established a Growth Equity team to invest in technology oriented late-stage venture companies
We further developed our public market portfolio, beating the global MSCI benchmark for the 3rd year in a row

For further information please contact Mika Bildsøe Lassen, Head of Branding and Corporate Communications, mika.lassen@apmoller.com or +45 2055 2655

The A.P. Moller Group

The A.P. Moller Group is a diversified group of industry leading companies. While independently run with dedicated boards and executive teams, we facilitate collaboration, networking, and sharing of best practices across the portfolio companies. A.P. Moller Holding is the parent company of the Group, investing in and building businesses with a positive impact on society – ‘nyttig virksomhed’.

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