An increase generalized of the costs hung on the quarterly budget of CMA CGM



In the first trimester of 2018, so as other primary companies of navigation that they operate in the segment of the containerized marine transport, the French shipowning group CMA CGM has accused an sensitive increment of the operating costs that have determined a decided worsening of the economic results regarding the first three months last year. The transalpine group has closed the first trimester of this year with an emphasized increase of the revenues that have been pairs to 5,41 billion dollars, with a rise of +17.1% regarding 4,62 billion dollars in the correspondent period of the 2017 that it is generated also by the increment of the transported containerized volumes from the fleet, that they are piled to 4,95 million teu (+15.0%), I yield of the increase of the operating activity and the increase of the consistency of the fleet that is gone up to 494 ships (+12.3%) for a total containerized cargo ability of 2,53 million teu (+17.1%).

In the first three months of this year the operating costs have been attested to 5,19 billion dollars, with an increment of +22.5% producing among other things by the rise of the costs of the bunker (788,6 million dollars, +32.0%), of the costs for handling of cargos (1,46 billion dollars, +22.6%), of the expenses for the charterings of ships and the purchase of slot (532,6 million dollars, +12.8%), of the costs of the services of transport feeder and earthlings (761,2 million dollars, +19.9%), of the expenses for the chartering of container and logistic services (510,1 million dollars, +30.8%), of the harbour taxes (361,6 million dollars, +25.1%) and of the increase of costs of the staff (458,8 million dollars, +13.5%).

In the budget of the first trimester of this year the EBITDA turns out pairs to 219,1 million dollars (- 42.8%), the EBIT to 115,1 million dollars (- 55.7%) and Core EBIT to 88 million dollars (- 65.1%). The trimester has been archived item with a net loss of -67,2 million dollars respect to a profit clearly of 91,7 million dollars in the first trimester of 2017.

"The field of the marine transport - it has commented the president and managing director of CMA CGM, Rodolphe Saadé - is living a supported increase that but it is penalized in the first trimester from the important increase of the prices of the fuel. In this context CMA CGM it has succeeded to record volumes and turnover more meaningfully elevated maintaining a Gross Operating Margin positive, demonstrating once again the importance of our strategy". Specifying that the French company considers that the traffic volumes would have to continue to being supported for all 2018, Saadé has announced that in order to tackle to the increase of the prices of the bunker, that they are continuing to go up in the course of according to trimester, the company will introduce specific soprannoli.