Third Quarter 2020 Business Activity - Strong CMA CGM Group operating performance
Marked recovery in volumes transported in shipping and logistics activities
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Subscribe to NewsletterMarked recovery in volumes transported in shipping and logistics activities
New step forward in the development of two French family Groups with recognized entrepreneurial experience
A strong operating performance with a further improvement
Solid operating performance and resilient business activity
The Board of Directors of the CMA CGM Group, a leading worldwide transport and logistics group, met today under the chairmanship of Rodolphe Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2019.
A new governance, a new brand identity and priorities reset to enable a successful turnaround
The CMA CGM Group has undertaken a number of strategic moves in recent months, including the acquisition of CEVA Logistics and regional short-sea players such as Mercosul and Containerships and the modernization of its fleet.
To adapt to the changing market, the Group is now taking a new step in its transformation by consolidating its development and implementing an ambitious cost reduction program.
CMA CGM holds 97.89% of outstanding shares following the friendly bid for CEVA Logistics
The CMA CGM Group is making its banking covenants evolve
3rd Quarter Results : Volumes up 5.5% ; Revenue up 6.3% ; Operating margin : 4.0% ; Net income : USD 103.1 million
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