FIVE-YEAR SUMMARY

IFRS 16 Leases have been applied from 1 January 2019 in accordance with the modified retrospective approach. Therefore, comparative figures from 2018 are not adjusted.

Highlights

 2022 was a year impacted by the brutal war in Ukraine, an energy crisis in Europe, elevated inflation, and subsequently rising interest rates globally.

 A.P. Moller – Maersk delivered its best financial result in the history of the company, driven by extraordinary market conditions in the first part of the year. With 19 green methanol vessels ordered and several green fuel partnerships, the company continues to lead the green transformation in the sector.

 Danske Bank announced that it reached final coordinated resolutions with the US and Danish authorities following the investigations into the Estonia matter. The bank is now in a position to shift its full attention to the opportunities ahead.

 The acquisition of Unilabs was closed. Later in 2022, Unilabs acquired a majority stake in RIMED, a leading Swiss diagnostic radiology company, further strengthening its presence in Switzerland.

 Faerch continued its growth and completed the acquisition of Paccor, a leading player in the packaging industry. This was another step towards circular packaging solutions.

 KK Wind Solutions announced the acquisition of the converter & controls business from Vestas, bringing immediate scale to operations and significant growth to the business.

 The merger between Maersk Drilling and Noble Corporation was successfully completed, creating a leading offshore drilling contractor for the oil and gas industry.

 Maersk Tankers delivered strong returns influenced by the disruption in energy markets. Maersk Product Tankers experienced historically high freight rates. ZeroNorth raised more than USD 50m, welcoming PSG Equity as a new investor.

 Innargi signed a contract to develop green district heating for Aarhus and a letter of intent for the metropolitan area of Copenhagen. In February 2023, the company signed its first letter of intent outside Denmark by announcing an agreement with Veolia to explore district heating in Poznań, Poland.

 A.P. Moller Holding has increased its focus on growth equity investments with an objective to leverage and enhance domain knowledge while generating attractive financial returns.