CMA CGM’s financial figures down in first quarter

French container carrier CMA CGM recorded revenue of US$11.8 billion in the first quarter of 2024, translating to a 7% decline, and earnings before interest, depreciation and amortization (EBITDA) of US$2.4 billion, representing a 30.3% decrease compared with 2023 Q1 results.

Additionally, the company’s EBITDA margin came in at 20.2%, down 6.8 points. Moreover, CMA CGM saw its net income fall from US$2 billion in 2023 Q1 to US$785 million in the first quarter of 2024.

At the same time, the...

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