Independent journal on economy and transport policy
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Significant increase in CMA CGM's quarterly economic performance despite declining revenues and volumes transported
The April-June 2020 period ended with a net profit of US 139.6 million dollars
September 4, 2020
In the April-June period of 2020, the shipowner group French totaled revenues of USD 7.00 billion, a decrease of -9.0% in the second quarter of last year, of which 5.27 billion produced by maritime transport activities (-9.7%), 1.76 billion from (-7.4%) and 122.2 million from other assets (-27,1%). Operating costs amounted to 5.80 billion dollars (-14.0%), with particularly significant reductions in fuel costs (633.5 million, -28.9%), rentals and the purchase of slots (292.6 million, -22.7%), the containers and their repositioning (277.1 million -21.4%), inland and feeder (1.42 billion, -12.8%), handling and storage containers (1.46 billion, -12.6%) port and port expenses (344.0 million, -10.2%).
EBITDA and EBIT were 1.20 USD 583.3 million, with rises of 26.3% and 93.8%, 996.9 million of them (up 27.8%) 457.8 million (up 46.5%) Generated containerized shipping. Pre-tax profit and net profit 165.2 million and 139.6 million dollars against negative results in the second quarter of 2019 67.4 million and -100.4 million dollars.
In the second quarter of 2020, the CMA CGM container carriers carried cargo volumes of 4.78 million teu, down 13.3% on the same period last year. The company has disclosed that the average revenue per teu container USD 1,112, or 2.8%.
In the first six months of this year, the group's fleet 9.71 million teu, a reduction of -9.0% on first half of 2019. In the first half of 2020, revenues 14.19 billion dollars (-6.1%), of which 10.72 billion billions produced by container shipping (-6.1%). The operating costs amounted to USD 12.01 billion (-10,2%). EBITDA was 2.18 billion, or 25.7%, And operating profit of 920.5 million dollars, or 66.2%. Profit net income was US 195.2 million dollars compared to a net net loss of -153.7 million in the first half of last year Year.
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In the April-June period of 2020, the shipowner group French totaled revenues of USD 7.00 billion, a decrease of -9.0% in the second quarter of last year, of which 5.27 billion produced by maritime transport activities (-9.7%), 1.76 billion from (-7.4%) and 122.2 million from other assets (-27,1%). Operating costs amounted to 5.80 billion dollars (-14.0%), with particularly significant reductions in fuel costs (633.5 million, -28.9%), rentals and the purchase of slots (292.6 million, -22.7%), the containers and their repositioning (277.1 million -21.4%), inland and feeder (1.42 billion, -12.8%), handling and storage containers (1.46 billion, -12.6%) port and port expenses (344.0 million, -10.2%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
