Independent journal on economy and transport policy
13:24 GMT+1
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CMA CGM has archived item the second trimester with a net loss of -122,6 million dollars
Fort decrease (- 13.9%) of the revenues determined from the bending of the -18,8% of the medium level of the hires
September 5, 2016
Like in the first trimester of this year, also in the successive trimester the French shipowning group CMA CGM has recorded an economic result clearly of sign negative and pairs to -122,6 million dollars respect to a profit clearly of 160,3 million dollars in according to trimester of 2015. For the third consecutive trimester the revenues have marked a decrease to two figures being are pairs to 3,54 billion dollars, with a -13,9% regarding 4,11 billion dollars in the period April-june last year. The operating costs are diminished of the -5,2% attesting itself to 3,51 billion dollars and EBIT and Cores EBIT have been both of sign negative and pairs respective to -88,1 million and -81,0 million dollars regarding results of positive sign for 325,5 million and 324,8 million dollars in according to trimester of 2015.
Such results only partially include those of the group Neptune Orient Lines (NOL) of Singapore of which the French group it is completing the acquisition of the totality of the share capital and that slid june has entered in the perimeter of consolidation of CMA CGM from the 14, operation as a result of which NOL has started the procedure for the delisting of own titles from the Stock exchange of Singapore( the 10of june 2016). With the exception of the contribution of the NOL, the French group it has closed the second trimester of this year with a net loss of -109 million dollars.
In according to trimester of this year fleet of portacontainer of CMA CGM has transported cargo volumes pairs to 3,3 million teu (+0.3%). The continuous bending of the hires has done so as that the recorded medium revenue for teu from the French company has been of the -18,8% inferior regarding according to trimester last year.
vice-president of CMA CGM, Rodolphe Saadé, has emphasized that the group is operating in a market that continues to being difficult, with hires extremely contents, situation - has evidenced - in which CMA CGM has the advantage of being particularly solid concerning liquidity. Saadé has confirmed moreover the advance of the flat "Agility", launch from the group slid 1° the July, that it previews to reduce the costs of a billion of dollars in the arc of next the 18 months.
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Like in the first trimester of this year, also in the successive trimester the French shipowning group CMA CGM has recorded an economic result clearly of sign negative and pairs to -122,6 million dollars respect to a profit clearly of 160,3 million dollars in according to trimester of 2015. For the third consecutive trimester the revenues have marked a decrease to two figures being are pairs to 3,54 billion dollars, with a -13,9% regarding 4,11 billion dollars in the period April-june last year. The operating costs are diminished of the -5,2% attesting itself to 3,51 billion dollars and EBIT and Cores EBIT have been both of sign negative and pairs respective to -88,1 million and -81,0 million dollars regarding results of positive sign for 325,5 million and 324,8 million dollars in according to trimester of 2015.
the 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
