CMA CGM revenues grew +18% in 2024, now pays attention to geopolitcal situation
CMA CGM’S full-year 2024 revenue stood at USD 55.5 billion, a 18.0% year-on-year increase that was led by the performance of the Group’s container shipping activities. EBITDA came to USD 13.4 billion, representing an EBITDA margin of 24.2% that was up 5.1 points
A CMA CGM ship docks at port
Marseille - CMA CGM’S full-year 2024 revenue stood at USD 55.5 billion, a 18.0% year-on-year increase that was led by the performance of the Group’s container shipping activities. EBITDA came to USD 13.4 billion, representing an EBITDA margin of 24.2% that was up 5.1 points on the year before. The Group's balance sheet remains robust, enabling it to look confidently ahead to 2025, a year that is set to be shaped by geopolitical and market uncertainty.
Shipping
In all, 23.6 million TEUs were carried over the year, up 7.8% from 2023, driven by sustained demand. Revenue from the container shipping operations was up by 16.2% year-on-year, to USD 36.5 billion. EBITDA stood at USD 11.2 billion, versus USD 7.4 billion the year before. EBITDA margin increased by 7.2 points to 30.8%, supported by a 7.7% rise in average revenue per TEU for the year to USD 1,549.
Logistics
Revenue from the logistics business increased by 20.9% over the year to USD 18.4 billion, primarily due to the integration of Bolloré Logistics. EBITDA came to USD 1.8 billion, 28.3% higher than in 2023. EBITDA margin was up by 0.6 points to 9.6%, reflecting the continued turnaround in contract logistics and a good performance in finished vehicle logistics, despite the difficulties impacting the automotive sector.
Other activities
Other businesses include terminals, CMA CGM Air Cargo and the Media business. Revenue from other activities rose by 43.3% to USD 2.9 billion, driven in particular by changes in the scope of consolidation and a good performance by the terminal’s portfolio. EBITDA came to USD 441 million, up 87.2%, representing an EBITDA margin of 15.4%, 3.6 points higher than the year before.
Outlook for 2025
Stable global economic growth of around 3% is expected for 2025. Global trade for goods should grow at the same rate as GDP. Nevertheless, the prospect of higher tariffs announced in the United States could have an impact on trade and lead to a reorganization of global supply chains in the medium term.
In addition, deliveries of new vessels, combined with any developments in the Red Sea situation, will be decisive factors in shaping the market. In this environment, the Group remains prudent and is paying close attention to the changing economic and geopolitical situation, while remaining confident in its ability to weather the cycle thanks to its business diversification and financial strength.
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