Vincent Clerc believes shareholders and analysts will soon see the clear benefits of AP Moller-Maersk’s shift towards becoming a fully integrated logistics provider.

The giant Danish group has been shedding non-core businesses such as Maersk Oil and towage outfit Svitzer over the past decade.

There have been ups and downs since then, largely due to volatile container ship markets.

But the picture is now brighter, the chief executive told Danish newspaper Berlingske.

“In the next accounts, we will really see that the strategy is working,” he told Berlingske.

“We cannot keep telling the outside world to be patient. It must happen now, and I can say that it will look better very soon,” Clerc said.

He explained that changing a large company is complex, and it is only now that some of the fundamental alterations are in place.

“We have always known that taking AP Moller-Maersk and turning the company into an integrated logistics company was not something that would take two or three years,” Clerc added.

“But we can say that we have implemented the tough fundamental measures and now have a strong logistics business, where we will now see improved profitability.”

Earlier in June, the line lifted its earnings guidance for 2024 by $3bn as it benefits from a combination of rising demand, continued Red Sea disruption and port congestion.

The Copenhagen-listed operator also projected it would end the year with positive cash flow.

The announcement marked a big turnaround just a month after the company’s full-year expectations disappointed analysts and it predicted it would end the year with a $2bn cash flow deficit.

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