Ulterior improvement of the quarterly economic results of the shipowning group CMA CGM



In the third trimester of this year the revenues of the French shipowning group CMA CGM are piled to 5,70 billion dollars, with an increment of +27.7% regarding 4,47 billion dollars in the third trimester of the 2016 that is the first quarterly period in which the recorded economic results from the Neptune Orient Lines (NOL) of Singapore, company are included totally in the budget of the group that work in the segment of the containerized marine transport with brand APL and that the French group has bought last year completing the acquisition on June 14, 2016.

In the third trimester of the 2017 operating costs of the group they have grown of +13.7% going up to 4,99 billion dollars. The EBITDA has turned out of 706,8 million dollars (+884.4%) and the operating profit has been pairs to 558,4 million dollars respect to an operating result of sign negative for -107,1 million dollars in the third trimester last year. Core EBIT has been of positive sign and pairs to 568,0 million dollars respect to a sign result negative for -86,2 million dollars in the correspondent period last year. Of sign positive also the result before taxes let alone turned out economic clearly that 350,7 million and 332,0 million dollars regarding results have been attested respective to both of sign negative and pairs to -252,3 million and -258,9 million dollars in the third trimester of 2016.

In the period July-september of this year the portacontainer of the French group, fleet that in the period was constituted by 489 ships, has transported containerized cargo volumes record pairs to 4,98 million teu, with a progression of +11.6% regarding 4,46 million teu in the quarter summery of 2016 when the fleet was formed by 460 ships.

In the first nine months of 2017, period in which the fleet of CMA CGM has transported containerized volumes pairs almost 14,0 million teu, with a progression of +24.9% on the same period last year, the group has totaled revenues pairs to 15,63 billion dollars, with an increment of +37.1% on the period January-september of 2016. The operating costs are piled to 13,93 billion dollars (+24.2%) and the EBITDA has been of 1,70 billion dollars (+793.2%). EBIT and Cores EBIT have been of positive sign and pairs respective to 1,29 billion and 1,29 billion dollars regarding results both of sign negative for -195,7 million and -163,7 million dollars in the first nine months of 2016. Of positive sign also the profit before taxes and the profit clearly that they have been pairs to 700,1 million and 651,9 million dollars regarding results of sign negative for -423,9 million and -476,3 million dollars in the first nine months of 2016.

In occasion of the today's presentation of the quarterly results the founder of CMA CGM, Jacques Saadé, has announced the decision to leave own charge of president of the shipowning group the Rodolphe son who 7th February was named managing director of the group, charge that will maintain assuming also that of chairman of CMA CGM.