On May 3, 2018, CMA CGM acquired a stake of approx. Ocean Alliance is number one on the Transpacific trade, with 20 dedicated services. With 41 East-West services (Asia-North America, Asia-North Europe and Asia-Mediterranean), the operational alliance of which CMA CGM is a part represents the largest offering on the market. It also took delivery of another Ice-Class vessel, whose reinforced hulls will enable it to operate on the Baltic routes.ĭuring the second quarter, the Group continued to develop its services, in particular with the launch of Ocean Alliance Day 2 Product. The Group expanded its fleet in the second quarter with the delivery of the CMA CGM Jean Mermoz, a 20,600 TEU capacity container ship designed to operate on the Asia-Europe trades. This transaction, subject to approval by the relevant authorities, should be closed before the end of the year.ĭelivery of the CMA CGM Jean Mermoz and Ice-Class vessel Containerships will take delivery of four LNG-fuelled vessels with a 1,120 TEU capacity later this year. Containerships offers its customers a complete range of services, with logistics solutions by ship, truck, rail and barges. The acquisition of the Finnish business Containerships, a specialist in the intra-European market, is part of the strategy to strengthen CMA CGM’s offering in the intra-regional trades, one year after the acquisition of Mercosul in South America. It is supported by improved financial results, positively impacted by the rise of the US dollar versus the Euro.ĭuring the second quarter, the Group continued its development along the lines of the strategy defined by Rodolphe Saadé, which resulted in several initiatives in the following areas:Īnnouncement of the acquisition of Containerships, an intra-regional transport leader in Northern Europe The consolidated net income Group share amounts to USD 22.7 million in the second quarter. These notably concern the optimisation of container fleet management and the improvement of energy efficiency.
The Group intends to pursue the cost reduction initiatives announced upon the release of its first quarter results to improve its operational and financial performance. The Core EBIT margin notably echoes the very sharp rise in unit bunker costs (+27.7% per ton of bunker over the past year). Over the course of the second quarter of 2018, CMA CGM recorded a Core EBIT of USD 67.1 million, reflecting a core EBIT margin of 1.2%. The revenue of the Group in the second quarter of 2018 increased by +7.4% as compared to last year, attaining USD 5.70 billion. This progress can be explained by the strength of the Transpacific and Asia/Gulf lines within OCEAN Alliance, as well as lines from and to South America.Īverage revenue per container transported decreased slightly (-2.1%) in the second quarter of 2018 in comparison with the second quarter of 2017. In the second quarter of 2018, the volumes transported by CMA CGM increased by +9.6%, higher than the industry growth. Q2 2018 BUSINESS AND FINANCIAL PERFORMANCE The Board of Directors of the French CMA CGM Group, a worldwide container shipping company, met under the chairmanship of Rodolphe Saadé, Chairman and CEO, to review the financial statements for the second quarter of 2018. * Core EBIT excluding asset sales and depreciation and non-recurring elements We anticipate an improved operating margin thanks to the rise in freight rates and sustained volumes.” ” We are confident for the second half of the year. The acquisition of a 25% stake in CEVA is an important step in our strategy to complement our transport offering with logistics services. The strong volume growth demonstrates our commercial strength and the quality of our service offering. “"Over the second quarter CMA CGM has recorded a core EBIT margin close to the first quarter as well as a positive net income in spite of a sharp increase in fuel prices. Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, commented on the results:
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#CMA CGM JEAN MERMOZ SOFTWARE#
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