CMA CGM outperforms the market with very strong operating and financial results in Q2 2017, the company said in its press release.
Strong increase in volumes carried + 33.3%
Revenues up +56.8%
Sharp increase of the group’s core EBIT margin (+11.2 pts)
Positive net income of 219 million USD
Positive outlook for the second half of the year
Confirmation of an order for 9 container ships of 22,000 TEUs for delivery from the end of 2019
On the release of the financial results, Rodolphe Saadé, the CEO of CMA CGM Group, stated:
”The Group releases excellent financial results for the 2nd quarter, with a core EBIT margin sharply rising thanks to our strategy of profitable growth. Once again, CMA CGM outperforms the industry and demonstrates the excellence of its operational management as well as the relevance of its strategy. During the quarter, we also continued to support the group’s growth with the planned acquisition of Mercosul, opening up the Brazilian domestic market. The Group is also preparing for the future with the order of 9 container ships of 22,000 TEUs which will enable us to continue our development and maintain our competitiveness.”