Q2/H1 21 euphoria – CMA CGM brags about a 'very strong operating & financial performance'

© Vladimir Serebryanskiy

PRESS RELEASE 

– Acceleration of the Group’s transformation designed to offer a complete set of shipping and logistics solutions to its customers.  

– Continued investments in the Group’s industrial assets: addition of 14 new owned vessels and 32 second-hand vessels to the fleet in 2021, with priority given to decarbonation. 

– Sharp increase in revenue and EBITDA margin, still driven by the steady demand for consumer goods.  

– Further strengthening of the Group’s financial structure through net debt reduction. 

(PLEASE note that the “interim condensed consolidated financial statements”, which were filed separately, can be found here)

The Board of Directors of the CMA CGM Group, a world leader in shipping and logistics, met today under the chairmanship of Rodolphe Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2021.  

Commenting on the results just released for second quarter 2021, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, said:  

“The strong rebound of global economy has resulted in unprecedented demand for transportation and logistics services. In this context, the Group achieved excellent results this quarter thanks to the mobilization of its teams. Container shipping performance was driven by higher volumes and freight rates. Our logistics subsidiary CEVA has continued to improve its operational and financial performance and posted a sharp revenue increase.  

While pressure on global supply chains are likely to persist, the Group’s strong performance enables us to accelerate our logistics transformation and our investments in industrial assets. We are pursuing the effort initiated over the third quarter of 2020 to increase our capacity and meet our customers’ needs. We also continue to accelerate our CSR agenda, to respond to the major challenges of the modern world and to successfully enable the energy transition ”  

Acceleration of the Group’s transformation

In light of the growth in international trade, the Group is accelerating its strategic transformation and its investments in order to offer global, agile and innovative solutions to its customers. 

Continued investments in industrial assets to enhance services offered to customers 

The Group continues to improve the quality of its services and offers alternatives to its customers in a context of ongoing tensions on global supply chains. It is therefore pursuing its investments in order to strengthen its transportation offering.  

Since the beginning of the year, the CMA CGM Group has taken delivery of:

– 8 new owned vessels, including the last five of its fleet of nine 23,000 TEU (twenty-foot equivalent units) vessels powered by liquefied natural gas (LNG). The Group is deploying all of its nine 23,000 TEU vessels between Asia and Northern Europe;