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Global Ship Lease, Inc. Message Board

  • mojoinjun mojoinjun Sep 10, 2012 9:43 AM Flag

    CMA CGM Solid Q2 Results

    from CMA website: During the quarter, CMA CGM’s revenue rose by 12% year-on-year to $4.149 billion, reflecting a sharp acceleration in business growth. In all, 2.7 million TEUs were carried during the period, up 8% over second-quarter 2011.

    In addition the Group continued to implement its action plan, which has delivered $294 million savings over the first six months of 2012, well ahead of the initial $400 million target for full-year cost savings.

    In this environment, CMA CGM reported:
    - $460 million in EBITDA for the second quarter,
    - Resulting in an EBITDA margin of 11%, the industry’s best performance.
    - Net profit amounted to $178 million for the period.

    The second quarter’s favourable trends have continued since July, and the Group expects that its operating and financial performance will still be highly positive in the third quarter. As a result, it has confirmed its forecast of reporting a profit for the full year.

1.41+0.02(+1.44%)Oct 21 4:00 PMEDT