testata inforMARE

27 June 2022 The on-line newspaper devoted to the world of transports 10:41 GMT+2

June 6, 2022

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Original news
Seventh consecutive quarter of record revenues for CMA CGM

New maximum values also recorded by the other main ones items in the income statement. Declining fleet volumes transported by -2.8%

As in the previous six quarters, even in the first three months of 2022 the French CMA CGM shipowning group has raised again the record of quarterly revenues having totaled a turnover of 18.22 billion dollars, with a increase of +69.9% on the same period last year, value which was achieved thanks to the record turnover recorded and containerized maritime transport activities operated by the group which amounted to 14.85 billion dollars (+73.2%) both from logistics activities that is amounted to 3.39 billion dollars (+57.2%).

For the other main items in the income statement, the values marked in the first quarter of 2022 have also reached new record as it happened as in the previous five quarters. This also happened to the operating costs that in the first three months of this year amounted to 9.34 billion dollars (+24.0%), of which 2.76 billion in transport charges feeder and inland (+51.0%), 2.15 billion in expenses for the handling and storage of loads (+7.3%), 1.35 billion employee benefits (+16.1%), 1.30 billion in expenses for fuels and other consumer products (+45.2%), 436.4 million in expenses for the purchase and rental of slots (-2.5%), 431.0 million general and administrative expenses (+7.3%), 410.3 million port and transit charges (+0.4%) and $370.8 million expenses for containerized equipment and their repositioning (+29.2%).

EBITDA was €8.87 billion dollars (+178.6%), with a contribution of 8.54 billion from shipping containerized (+187.0%) and 250.1 million from activities logistics (+45.7%). Operating profit amounted to 7.62 billion dollars (+209.6%), with contributions of 7.50 respectively billion (+210.2%) and 103.4 million (+162.4%) from the main segments of the group's business. Pre-tax profit was 7.34 billion dollars (+244.0%) and net profit of 7,21 billion dollars (+245.3%).

If in the first three months of 2022 financial performance has set new records, the group's operating activity has instead shown, as in the two previous quarters, a contraction: the volumes of containerized cargo transported, in fact, they were equal to 5.30 million teu, with a decrease of -2.8% on the first quarter of last year.

As of 31 March, the CMA CGM group fleet was established from 580 ships for a total carrying capacity of about 3.3 million teu which is the third in the ranking worldwide containerized shipping companies. It is of 205 owned ships, 340 chartered and 35 not registered in the assets of the company. The group has a order book including 69 other container ships, including 44 properties.

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