CMA CGM has published strong second-quarter results on the back of capacity and rate discipline, despite shipping volumes down 13.3% on the same period of last year.
Group ebitda was 26.3% higher than Q2 19, at more than $1.2bn; revenues, down 9%, came in at $7bn “due to a slowdown in volumes”.
But the ebitda margin was 17.2%, against 12.4% a year earlier, with an operating margin of $530, or 7.6%, against …
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https://theloadstar.com/strong-q2-for-cma-cgm-and-subsidiary-ceva-continues-its-turnaround/