Maersk CEO Discusses Outlook, Share Buy-Back Scheme

"The Group achieved a very satisfactory result for first half of 2014 with underlying profit increasing 42% to USD 2.4bn, mainly driven by Maersk Line, APM Terminals and Maersk Oil. As result of the good progress in delivering on our Group priorities and the solid financial performance across the Group, which has been achieved in challenging markets, we upgrade the outlook for the Group result to be around USD 4.5bn for 2014. Due to the current strong financial situation, the Board has decided to buy back shares of USD 1bn within the coming 12 months," says Group CEO Nils S. Andersen.

In the video interview, Group CEO Nils S. Andersen addresses the following:

Why the Group has upgraded its outlook for 2014
The reasons behind the share buy-back scheme
The profit increase in Maersk Line
The production increase in Maersk Oil
The geo-political situation and how it affects the Group