skou in A Sentence

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    Skou predicted that growth this year would only be around 1%.

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    Chief Executive Soren Skou called the result“unsatisfactory” but said he still expected EBITDA for the year at $4 billion-$5 billion.

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    Moller Maersk's chief executive Soren Skou said a shift in propulsion technologies or a shift to clean fuels was required,“which implies close collaboration from all parties.”.

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    AP Moller Maersk's chief executive Soren Skou said a shift in propulsion technologies or a shift to clean fuels was required,"which implies close collaboration from all parties".

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    We're building this company that is a global integrated container business, a company very similar to UPS and Fedex,” CEO Soren Skou told investors at a capital markets day in Copenhagen on Tuesday.

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    In response to the current challenging market conditions we are implementing a number of short-term initiatives to improve profitability and we reiterate our guidance for 2018,” says Søren Skou, CEO of A.P. Moller- Maersk.

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    Skou used to head Maersk's container business and is a long-time veteran of the Danish firm whose mainstay industry is emerging from a fierce price war as too many ships chased too little business, denting profitability.

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    Skou said he would implement short-term initiatives to improve profitability and lower unit costs, which would include keeping fleet capacity unchanged in the next 18 months and no orders for new ships for at least 12 months.

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    Maersk, which cut its full-year profit outlook this month, sold Maersk Oil to French oil major Total last year in a $7.5 billion deal as part of a restructuring under Soren Skou, who became chief executive in 2016.

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    Maersk's data indicated that imports into the United States from China had grown 5 to 10 percent year-on-year in the third quarter as companies such as Walmart and Home Depot built up inventories to avoid new import tariffs, Chief Executive Soren Skou said.

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