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Maersk profit in line but trade tensions a concern

Credit: REUTERS/YURI MALTSEV

May 24, 2019 — 02:51 am EDT

Written by Reuters ->

COPENHAGEN, May 24 (Reuters) - Danish shipping group A.P. Moller-Maersk MAERSKb.CO on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute "considerable uncertainties".

Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled $1.24 billion for the quarter, compared with $1.25 billion forecast by analysts in a Reuters poll.

Maersk, world's largest container shipping company, said it still expects 2019 EBITDA of about $5 billion.

(Reporting by Jacob Gronholt-Pedersen Editing by David Goodman)

((copenhagen.newsroom@thomsonreuters.com; +45 3396 9673; Reuters Messaging: jacob.pedersen.thomsonreuters.com@reuters.net))

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