CMA CGM records an ulterior improvement of the quarterly results graces also to the contribution of the APL/NOL



In the first trimester of the 2017 economic results of the French shipowning group CMA CGM they have shown considerably an improvement regarding those of the correspondent period last year, period this last antecedent to the income in the group of the APL, the company of containerized marine transport of the group Neptune Orient Lines (NOL) of Singapore of which CMA CGM it has acquired the control to half last year and that it has entered in the perimeter of consolidation of the French group from on June 14, 2016.

In the first three months of this year CMA CGM it has totaled revenues pairs to 4,62 billion dollars, with an increment of +35.9% regarding 3,40 billion dollars in the first trimester of 2016. The contribution of the NOL to the volume of transactions of the first trimester of 2017 has been pairs to 1,28 billion dollars and excluding such contribution the revenues of the French group pile to 3,34 billion dollars, down of the -1,7% on the first three months last year.

In the first trimester of the 2017 total of the operating costs it has been attested to 4,24 billion dollars (+28.3%), of which 1,05 billion dollars brought from the NOL. Excluding these last operating expenses they turn out pairs to 3,18 billion dollars (- 3.6%).

The EBITDA has turned out pairs to 382,8 million dollars (+301,7) and 291,4 million dollars to clearly of the contribution of NOL (+205.8%). The operating profit has been of 259,6 million dollars (196,8 million to clearly of the contribution of the NOL) the respect to an operating result of sign negative for -500 thousand dollars in the first trimester of 2016. Core EBIT has been of positive sign and pairs to 251,9 million dollars (195,8 million to clearly of the contribution of the NOL) the respect to Core EBIT also it of positive sign for 3,5 million dollars in the first three months last year.

The group CMA CGM has closed the first trimester of 2017 with a profit clearly of 93,1 million dollars (66,6 million without the NOL) respect to a net loss of 94,8 million dollars in the same period of 2016. The profit for the shareholders of the group leader has turned out pairs to 86,4 million dollars (60,2 million to clearly the NOL) respect to a loss of -99,8 million in the first three months last year.

In the first three months of this year the fleet of portacontainer of the French group has transported cargo volumes pairs to 4,27 million container teu, with an increase of +34.2% on the correspondent period of 2017. With the exception of the contribution of the boarded volumes on the ships of the APL the traffic volume turns out pairs to 3,11 million teu (- 2.2%).

"In the current context of the market of the shipping, that it still suffers from an insufficient level of the hires - has commented the managing director of the shipowning group, Rodolphe Saadé - CMA CGM has continued on own positive trend that is begun at the end of 2016, with an ulterior improvement of the operating margins and the profit clearly". Moreover Saadé has evidenced that, "for the first time and at less than a year from its acquisition, APL has given a positive contribution to the results of our group".

The French group previews that, excluding potential variations of the cost of the fuel and the monetary changes, in the next few months CMA CGM will record an ulterior improvement of Core EBIT thanks to the tendency to the rise of the hires.