News / Strong Q3 demand drives improvement in CMA CGM revenue and profits

French container shipping and logistics group CMA CGM saw third-quarter revenues and profits bolstered by high box volumes during this year’s early peak season.

The Marseilles-headquartered carrier reported year-on-year growth in Q3 revenue to $15.8bn, while EBITDA grew 149%, to just under $5bn, representing an EBITDA margin of 31.4%.

The improved results were mainly due to unexpectedly strong trading during the summer months, the company said, with the 6m teu carried up 5.5% from the previous year, largely in line with market ...