CMA CGM Group has unveiled significantly improved results during the first quarter of 2020 compared to its Q1 2019 results, which it attributes to its operational flexibility and cost controls.
The Marseille-based liner shipping company achieved a notable increase of 25% in its adjusted EBITDA (Earnings before interest, tax, depreciation and amortisation) reaching US$973 million, equating to a margin of 13.5%, up 3% relative to the first quarter of 2019.
The net result was also positive at US$48...
https://container-news.com/cma-cgm-reports-encouraging-first-quarter-results/