News / CMA CGM see Q1 profit slump but bets on Bollore bounce

Credit DP World

A weaker market ate into CMA CGM’s Q1 with a 7% fall in revenues leading to a more than 30% profit collapse, following last year’s strong Q1. But volumes were up, year-on-year, and its logistics division saw profits rise on flat revenues.

The French carrier handled more than 5.6m teu over the three months to April, up 11.7% year-on-year but this did not translate for its financials, revenues dropping from $12.7bn to $11.8bn, translating to EBITDA of ...