The CMA CGM Group, a global leader in shipping and logistics, has released its financial results for the second quarter of 2024, showcasing a robust performance. The group reported a revenue of $12.4 billion, reflecting a 5.8% increase compared to the same period last year. This growth is attributed to a significant rise in volumes, driven by improved demand across key trade lanes.
EBITDA stood at $3.2 billion, maintaining a strong margin of 25.8%. The group’s operational efficiency and strategic investments in digitalisation and sustainability have played a crucial role in sustaining profitability. Notably, the company has made substantial progress in reducing its carbon footprint, aligning with global environmental goals.
CMA CGM’s logistics activities also experienced growth, with CEVA Logistics contributing significantly to the overall results. The group’s integrated logistics solutions have bolstered its market position, offering end-to-end services that cater to diverse customer needs.
Rodolphe Saadé, Chairman and CEO of CMA CGM Group, highlighted the importance of innovation and sustainability in the company’s strategy. He emphasised that the group’s focus on digital transformation and green initiatives will continue to drive future growth and resilience.
Looking ahead, CMA CGM remains optimistic about the second half of 2024, anticipating continued demand recovery and further enhancements in operational efficiency. The group is committed to expanding its service offerings and strengthening its global network to meet the evolving needs of its customers.
