Independent journal on economy and transport policy
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CMA CGM closes the 2010 with financial results record
This year the French shipowning group previews to return to normal levels of profit
February 25, 2011
In the 2010 French shipowning group CMA CGM it has recorded a profit clearly of 1.627 million dollars respect to a net loss of 1.425 million dollars in the exercise anniversary precedence (turned out - this last one - that includes not recurrent burdens for 548 million dollars). The revenues are piled to 14,3 billion dollars regarding 10,5 billion in the 2009 and operating result (EBITDA) have been positive for 2.516 million dollars respect to operating liabilities of 667 million dollars in 2009.
Last year the fleet of portacontainer of the group has transported cargo volumes 9.041.000 pairs to container teu (+14.7% on 2009).
"The excellent results recorded from the group - the managing director of CMA CGM, Rodolphe Saadé has commented today - are generated by the strategy introduced in 2009 and which got ahead in 2010. This effectively demonstrates the force of our model of business, since the group has capitalized with success the resumption of the world-wide exchanges happened in the course of the year". CMA CGM has specified however that, if those of the 2010 have been turned out record, in the 2011 group it previews to return to normal levels of profit. Saadé but has emphasized that "the group will continue to expand itself also in the course of 2011. With the emission of irredeemable obligations for 500 million dollars in it confronts of the Yildirim group, that capacity to term has been time ( on January 28, 2011, ndr) - it has remembered - CMA CGM benefits of a position financial institution more hard that it intends to consolidate, in particular diversifying the financing sources".
Currently the fleet of CMA CGM is constituted by 396 ships, of which 91 of property, for an ability to cargo of 1.224.000 teu (+17.7% on the end of 2009). In the course of the 2010 group it has taken in delivery 20 new portacontainer, of which 12 of properties (included eight of advanced ability to 11.000 teu).
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In the 2010 French shipowning group CMA CGM it has recorded a profit clearly of 1.627 million dollars respect to a net loss of 1.425 million dollars in the exercise anniversary precedence (turned out - this last one - that includes not recurrent burdens for 548 million dollars). The revenues are piled to 14,3 billion dollars regarding 10,5 billion in the 2009 and operating result (EBITDA) have been positive for 2.516 million dollars respect to operating liabilities of 667 million dollars in 2009.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
