Independent journal on economy and transport policy
07:25 GMT+1
This page has been automatically translated by Original news
Record third quarter for CMA French group CGM
Never so high is the financial performance and volumes of containerized cargoes transported by the fleet
November 20, 2020
EBITDA reached a record value of 1.70 billion (+68.0%), with a contribution of 1.45 billion from the of the group's container fleet (+78.4%) and 182.9 million logistics activities (+25.7%). New record also for group operating profit of 1.07 billion (+239.2%), of which 931.2 billion were produced by the of the accounting carriers (+246.3%) and 56.5 million from operations logistics (+63.8%). New record values also for ante profit tax that was 600.6 million (+678.0%) and for profit totalled 572.5 million (+984.3%), while profit attributable to the shareholders of the parent company was 566.9 million dollars (+1,148.7%), lower than only the result of 849.0 million obtained in the second quarter of 2010.
After three consecutive quarters of decline, in the third quarter of this year the containerised cargoes transported by the CMA CGM increased by +1.1% to 5.6 million teu, a volume that represents the new quarterly historical record.
In the first nine months of 2020, the fleet transported a total of 15.3 million teu, with a decrease of -5.6% at the same time last year. In the period January-September 2020 revenues amounted to 22.28 billion (-2.0%), EBITDA at 3.88 billion (+41.3%), EBIT at 1.99 billion (+128.8%) and net profit at $767.7 million compared to a net loss of -101.1 million in the first nine months 2019.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
EBITDA reached a record value of 1.70 billion (+68.0%), with a contribution of 1.45 billion from the of the group's container fleet (+78.4%) and 182.9 million logistics activities (+25.7%). New record also for group operating profit of 1.07 billion (+239.2%), of which 931.2 billion were produced by the of the accounting carriers (+246.3%) and 56.5 million from operations logistics (+63.8%). New record values also for ante profit tax that was 600.6 million (+678.0%) and for profit totalled 572.5 million (+984.3%), while profit attributable to the shareholders of the parent company was 566.9 million dollars (+1,148.7%), lower than only the result of 849.0 million obtained in the second quarter of 2010.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
