Clean increase of the economic performances of the shipowning group CMA CGM in 2017



The economic results of the exercise anniversary 2017 of the shipowning group CMA CGM have recorded the positive effect are of the improvement of the market of the containerized marine transport that of the acquisition of the Neptune Orient Lines (NOL) of Singapore, society that work with the brand APL and of which the French shipowning group has acquired the control to half 2016 in order then gradually to increase own participation obtaining some at last the entire property(on 10 June 2016).

Last year the revenues of CMA CGM are increased of +32.1% going up to 21,12 billion dollars regarding 16,00 billion dollars in the 2016 graces mainly, as well as to the rise of the hires, the contribution of the volume of transactions of the NOL. They have not determined almost some impact on the economic account 2017 of the group, instead, the proceeds of the completed sale 1°th December of 90% of the capital of the American terminalista society Global Gateway South (GGS), of which the French group it has maintained the property of remaining 10% of the capital(on 4 December 2017), that 823,4 million dollars have yielded, neither the acquisition of the company of Brazilian navigation Mercosul completed Line at the end last year, that has involved an investment of 237,6 million dollars(on 11 December 2017), neither the acquisition of the company of New Zealand navigation Sofrana Unilines also completed it to fine exercise(on 3 October 2017). In the 2017 single revenues generated from the activity of containerized marine transport of the group, that they represent 93.7% of the total, they are piled to 20,4 billion dollars (+32.6%).

In the 2017 operating profit of the French group respect to an operating result of sign has been attested to 1,57 billion dollars negative and pairs to -99,9 million dollars in the exercise anniversary precedence. Core EBIT has turned out of 1,57 billion dollars (of which 1,47 billion produced from the activity of containerized marine transport, included 340 million generated from the activity of APL) regarding 28,9 million dollars (with a contribution of 6,4 million from the segment of the container) in 2016. CMA CGM has closed the 2017 with a profit clearly of 735,5 million dollars respect to a net loss of -427,4 million dollars in the year precedence.

Last year the consistency of the fleet of the group has grown from 453 ships to end of 2016 to 504 on December 31, 2017, for a containerized cargo ability pairs respective to 2,21 million and 2,53 million teu. In the 2017 fleet of CMA CGM it has transported volumes of cargo pairs to a total of 19,95 million teu (of which beyond five million transported from the portacontainer the APL), with a progression of 21.2% on 2016.

By the operating point of view, for CMA CGM last year more option for ulterior five years), agreement is characterized also by the entrance in activity on 1° April of shipowning consortium OCEAN Alliance of the duration ten-year-old (five years that the French group has formalized on November 3, 2016 with Chinese companies COSCO Shipping and Orient Overseas Container Linens (OOCL) and with the taiwanese Evergreen Line(on 20 April and 3 November 2016). Moreover the year is marked also by the consisting order emitted to september from the French group for the construction of nine portacontainer of the ability to 22.000 teu(on 18 September 2017), store clerk whom he has elevated to a total of 22 the number of new ships that on 31 December took part of the pocketbook orders of the group.

In the solo fourth trimester last year the volumes transported from the fleet of CMA CGM have totaled 4,93 million teu, with an increase of +10.9% on the correspondent period of 2016. In the quarter October-Decembers of the 2017 revenues have been pairs to 5,48 billion dollars (+19.9%), the EBIT to 283,1 million dollars (+19.5%), Core EBIT to 282,0 million dollars (+46.1%) and the profit clearly to 83,6 million dollars (+71.0%).

The president and managing director of CMA CGM, Rodolphe Saadé, have manifested great satisfaction for the results obtained from the group in the 2017 that - it has emphasized - "once again demonstrates the validity of its strategy and its operating rigor. Trimester after trimester - it has found Saadé - CMA CGM has demonstrated own ability to obtain turned out advanced regarding the market and these results anniversaries confirm the role of reference of our group in the field of the marine transports".