Clear uptrend at CMA CGM group
French shipping group CMA CGM is back in the black in its operating business The recovery of the world economy, the use of ultra-large container vessels and the package of cost-reducing measures launched in 2009, are showing the intended effects at the French shipping group CMA CGM. The enterprise returned to the black in the first half of the year 2010. While sales revenues amounted to USD 6.77 billion (up 41 per cent compared on the previous year), operating results amounted to USD 1.051 billion (1-6/2009: minus USD 568 million). This resulted in an operating margin of 15.5 per cent. Net profit amounted to USD 864 million after minus USD 518 million in the first six months of 2009. Transport volumes improved 22 per cent to 4.4 million TEU. In its report on the first half of 2010 CMA CGM announces a measure to consolidate its business model: they will continue to adhere to their cost-reduction program. The enterprise feels well armed to handle the growing goods flows. Having put into service six newbuildings in July and August – including two units of each 13,800 and two at 11,400 TEU capacity – the fleet comprises now 394 vessels (93 of them are their own ships). Quelle: LogEastics |