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26 March 2021

Annual Report 2020

Weathering the storm of 2020

Despite the significant impact of the COVID-19 pandemic, our Group delivered an improved consolidated EBITDA of DKK 57.4bn (USD 8.8bn) in 2020, compared to DKK 42.2bn (USD 6.3bn) in 2019. We thank our colleagues for their relentless efforts and contributions to support society during a very difficult year. We also welcome our new Group member, the Faerch Group, which is developing sustainable food packaging as part of a circular economy.

News from the A.P. Moller Group

A.P. Moller Holding announces the acquisition of Ocean Yield from KKR

A.P. Moller Holding and KKR, a leading global investment firm, today announced that they have signed an agreement under which a subsidiary of A.P. Moller Holding will acquire 100% of Ocean Yield AS (Ocean Yield), a leading global ship leasing platform, from funds managed by KKR.

Letter from the CEO

In connection with the publication of A.P. Moller Holding’s Annual Report 2025, our CEO, Robert M. Uggla shares his reflections on last year’s activities and highlights from across the A.P. Moller Group.

Annual Report 2025

A.P. Moller Holding delivered satisfactory results in 2025.