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Annual Report 2024 - A.P. Moller Holding
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28 March 2025

Annual Report 2024

A.P. Moller Holding delivered strong results in 2024

Copenhagen 28 March 2025 – A.P. Moller Holding ended 2024 with a revenue of DKK 425bn (USD 62bn), EBITDA of DKK 91bn (USD 13bn), a net result of DKK 49bn (USD 7bn), consolidated assets of DKK 831bn (USD 116bn) and a net asset value of DKK 230bn (USD 32bn).

“We ended the year on a positive note, despite a challenging geopolitical landscape and headwinds in some of the Group’s bigger markets. We have worked diligently to strengthen the resilience of our Group and A.P. Moller Holding over the last years; in 2016, 100% of our portfolio’s net asset value consisted of A.P. Moller - Maersk and Danske Bank, today we hold a more diversified portfolio and with less debt in A.P. Moller Holding.”
Robert M. Uggla, CEO at A.P. Moller Holding

Highlights of the year:

  • The A.P. Moller Group ended 2024 with an EBITDA of DKK 91bn (USD 13bn) and a net result of DKK 49bn (USD 7bn). The Group’s parent company A.P. Moller Holding ended the year with consolidated assets of DKK 831bn (USD 116bn) and increased its net asset value to DKK 230bn (USD 32bn)
  • A.P. Moller – Maersk delivered its third best result ever, positively impacted by higher demand and increased freight rates.
  • Danske Bank delivered its best result ever and reported a net profit of DKK 24bn (USD 3bn).
  • The merger of Maersk Supply Service and DOF was successfully completed in Q4, leading to A.P. Moller Holding taking a significant holding in the combined company.
  • A.P. Moller Holding’s Principal Holdings concluded the acquisition of Concentric and delisted the company from the Swedish stock exchange.
  • A.P. Moller Holding’s Public Markets portfolio, valued at DKK 44bn (USD6bn), delivered a return of 16% in 2024.
  • A.P. Moller Holding’s Growth Equity team pursued several investments now comprising 9 investments.

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

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