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Maersk said underlying earnings before interest, tax, depreciation and amortization, or EBITDA, fell 44% year-on-year in the third quarter to $2.69 billion, above the $2.58 billion expected by analysts in a poll gathered by the company. Sign up here. The company said it now expects EBITDA this year to be between $9 billion and $9.5 billion, up from its previous guidance of $8 billion to $9.5 billion. "We have delivered a strong third quarter across our business," CEO Vincent Clerc said in a statement. "As market conditions fluctuate, we are well-positioned to help our customers adapt and maintain stability across their supply chains." Reporting by Jacob Gronholt-Pedersen, editing by Stine Jacobsen Our Standards: The Thomson Reuters Trust Principles., opens new tab Based in Copenhagen, Jacob oversees reporting from Denmark, Iceland, Greenland and the Faroe Islands. He specializes in security and geopolitics in the Arctic and Baltic Sea regions, as well as large corporates such as obesity drug maker Novo Nordisk, brewer Carlsberg and shipping group Maersk. Before moving to Copenhagen in 2016, Jacob spent seven years in Moscow covering Russia's oil and gas industry for Dow Jones Newswires and The Wall Street Journal, followed by four years in Singapore covering energy markets for WSJ and Reuters.
