Interim Management Statement for A.P. Moller - Maersk 12 May 2010

Revenue for the period (in USD) increased by 20%, primarily as a result of higher oil prices and increasing freight rates and volumes in the container activities. The result for the period was a profit of USD 639 million, compared to a loss of USD 373 million in the same period of 2009.

“Markets have improved, and our efforts are paying off. We expect an improved result compared to earlier expectations of a modest profit, mainly because of the recovery in our container business, which is now expected to post a profit in 2010. Due to the development in the global economy, especially in the second half of the year, there is still uncertainty in how the volumes and the rates will develop the rest of the year. But we will continue to improve our competitiveness, and we are ready to seize opportunities that arise in the wake of the crisis,” says CEO Nils S. Andersen.