CMA CGM has archived item 2016 with a net loss of -452 million dollars


In 2016, year to half of which has acquired group NOL of Singapore and its company of navigation APL( the 10of june and 19 July 2016), the economic results of the French shipowning group CMA CGM has recorded an emphasized contraction. Last year the revenues of the transalpine company are piled to 16,0 billion dollars, with an increase of +1.9% regarding 15,7 billion dollars in 2015. With the exception of the volume of transactions generated from the activities of the NOL, that it has entered in the perimeter of consolidation of the French group 14th june, in the 2016 revenues of CMA CGM they turn out to be pairs to 13,4 billion dollars, with a decrease of the -14,7% regarding the exercise anniversary precedence.

In the budget 2016 CMA CGM has enrolled Core EBIT pairs to 29 million dollars, with a contraction of the -96,8% regarding 911 million dollars in the year precedence. With the exclusion of the contribution of the NOL, the operating result turns out to be of 70 million dollars, with a bending of the -92,3% on 2015.

the French group clearly has archived item the 2016 with a net loss of -452 million dollars respect to a profit of 567 million dollars in the exercise precedence. With the exclusion of the contribution of the NOL the net loss of 2016 turns out to be pairs to -325 million dollars.

Last year the fleet of portacontainer of CMA CGM has transported cargo volumes pairs to 15,6 million teu, with a progression of +20.4% on 2015. Al clearly of the volumes transported from the ships of APL, the total of 2016 turns out to be of 12,8 million teu (- 1.3%).

In the solo fourth trimester of the 2016 French group has totaled revenues pairs to 4,57 billion dollars, with an increment of +28.0% on the last trimester of the year precedence. The revenues to clearly of those generated from the NOL have been pairs to 3,29 billion dollars (- 7.9%). Core EBIT has attested to 193 million dollars (174 million to clearly of the contribution of the NOL) regarding 22 million dollars in the fourth trimester of 2015 and the profit clearly has turned out pairs to 45 million dollars (85 million without the NOL) respect to a net loss of -46 million dollars in the fourth trimester of the year precedence.

"2016 - the managing director of CMA CGM, Rodolphe Saadé has commented - has been a crucial year in the evolution of our history, with the strategic acquisition of the NOL and the creation of the Ocean Alliance, than in the 2017 they will give a full contribution to the performances of the group". Last year, in fact, the French shipowning group with Chineses COSCO Container Lines (COSCON) and Orient Overseas Container Linens (OOCL) and to the taiwanese Evergreen Line has constituted the Ocean Alliance that will become operating the next month putting in field a fleet of 350 portacontenitori employed in a net 41 services of line( 20of April and 3 November 2016).

"In 2016 - it has continued Saadé - we are successful to maintain to light positive Core EBIT although the hires on historically low levels, concentrating to us on volumes that generate the greater profits. With the increase of the hires found in recent months and the operating rigor that we apply trimester after trimester - it has emphasized - in the fourth trimester we have recorded a result positive and achieved one of the best performances of the field". Saadé has specified that "it previews that in the 2017 market will continue on the road of the resumption".

the French group, remembering to have sent back to the 2018 taken one in originally programmed delivery of three new portacontainer in the course of 2017, has announced that in the near future it will not order the construction of new ships.