News / Ups and downs in Q2, but CMA CGM may be outperforming its peers

A “robust” performance in the second quarter – “despite difficult market conditions” – saw the CMA CGM group achieve an industry pace-setting $1.3bn net profit for the period.

Unusually, the French container line and logistics group published its Q2 results on Friday evening, ahead of its peers, Maersk for example not publishing until this Friday and Hapag-Lloyd next Thursday, 10 August.

CMA CGM group revenue in Q2 was down 37%, compared with the Covid-swollen turnover of the previous year of $12.3bn, for ...