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CMA CGM’s financials declines amid stable container volumes

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MARSEILLE : French ocean carrier CMA CGM reported revenues of US$47 billion in 2023, translating to a 36.9% decline compared with 2022 figures, EBITDA of US$9 billion, down by 72.9%, and net income of US$3.6 billion from US$25 billion in the previous year.

“Gradual deterioration in the maritime shipping environment throughout 2023, including in the fourth quarter, causing an anticipated year-on-year decline in revenue and operating profit,” said the company in its yearly results announcement.

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