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06 December 2019 The on-line newspaper devoted to the world of transports 23:49 GMT+1



November 25, 2019

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Original news
Positive the results of the third trimester of CMA CGM

Reduction of the clearly determined economic result from greater financial burdens

In the third trimester of this year the revenues of the French shipowning group CMA CGM have grown of +25.8% attesting to 7,62 billion dollars regarding 6,06 billion in the period July-september of 2018, increment that is entirely ascribable to the effect of the acquisition of the CEVA Logistics that has been capacity to term last April(of 8 April 2019). In the third trimester of the 2019, in fact, logistic division of the group, that essentially it is constituted by the activity of CEVA, it has recorded revenues pairs to 1,78 billion dollars, with a rise of +1,098, 7%, while the revenues in the segment of the containerized marine transport, that she is Core business of the group, are diminished of the -2,1% coming down to 5,77 billion dollars and down they have turned out the revenues produced from other asset of the group that is piled to 158,76 million dollars (- 5.8%).

The operating costs of the group have marked a contained increase more of +16.1% having attested itself to 6,61 billion dollars. The EBITDA has shown an increase of +177.6% being is pairs to 1,01 billion dollars. The EBIT has totaled 314,5 million dollars (+33.8%) and the profit clearly 52,8 million dollars, with a mainly determined contraction of the -52,4% from the increase of +148.6% of the financial burdens to 237,4 million dollars.

The single division of containerized marine transport has archived item the third trimester of this year with an EBITDA of 832,0 million dollars (+153.7%) and a EBIT of 287,3 million dollars (+44.0%), while the logistic division has recorded an EBITDA of 145,5 million respect to an EBITDA of sign negative for -1,8 million in the third trimester of a 2018 and EBIT of 34,5 million dollars (+4,212, 5%).

In the third trimester of the 2019 fleet of portacontainer of the group, constituted from 506 ships for a cargo ability pairs to about 2,7 million teu so as in the correspondent period of 2018, it has transported containerized cargo volumes pairs to 5,53 million teu, with an increment of +5.1% that is effect of the acquisition of the Containerships, acquired company in 2018 and therefore melted from the French group with the MacAndrews branch(on June 20, 2018 and 18 January 2019).

In the first nine months of this year the revenues and the operating costs of the transalpine group have recorded increases on the same period of the 2018 pairs respective to +32.3% and 22.0% having been are pairs to 22,74 billion and 19,99 billion dollars. The EBITDA is piled to 2,74 billion dollars (+244.9%) and the EBIT to 868,4 million dollars (+117.8%). CMA CGM has closed the period January-september of the 2019 with a net loss of -101,0 million dollars respect to a profit clearly of 76,5 million dollars in the correspondent period last year, chargeable worsening mainly to greater financial burdens for 628 million dollars.

In the period January-september of this year the single division of shipping containerized has obtained revenues pairs to 17,18 billion dollars (+2.7%), an EBITDA of 2,18 billion (+209.4%) and a EBIT of 703,9 million (+119.7%). The logistic division has recorded revenues pairs to 5,55 billion (+1,193, 8%), an EBITDA of 453,3 million (+7,211, 3%) and an operating profit of 58,9 million dollars (+28.3%). Other asset of the group has marked revenues pairs to 479,2 million dollars (+0.4%).

In the first nine months of the 2019 fleet of the group it has transported about 16,7 million teu (+8.4%).


Vincenzo Miele



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