By Adriano Marchese

AP Moeller-Maersk AS on Tuesday increased its full-year adjusted Ebitda expectations ahead of its third-quarter results.

The Danish shipping company said adjusted earnings before interest, taxes, depreciation and amortization--a figure which excludes restructuring and integration costs--has been increased to a range of $8 billion and $8.5 billion.

Previously, the company had guided for a range of between $7.8 billion and $8 billion.

The company said it will publish its third quarter results on Wednesday, but cautioned that trading conditions and the outlook remain subject to a higher-than-normal volatility due to pandemic-related disruptions.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 17, 2020 11:47 ET (16:47 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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