Group Holds Up Despite Volatility
In a highly uncertain global environment, CMA CGM Group showed resilience and discipline. Shipping stayed solid, terminals gained momentum and air freight and logistics performed well. The Group registered 6.17 million TEUs carried in Q3, up 2.3 % year-on-year.
Financial Performance
The Group posted revenue of USD 14.04 billion, down 11.3 % from Q3 2024. EBITDA fell 40.5 % to USD 2.96 billion. The EBITDA margin slipped from 31.4 % to 21.0 %. Net income (Group share) dropped to USD 749 million, down from USD 2.73 billion.
Maritime Transport & Terminals
Shipping revenue reached USD 8.96 billion, a decline of 17.4 %. EBITDA in this segment fell to USD 2.23 billion (-48.8 %). The margin dropped to 24.9 %. Despite the drop, the Group carried 6.2 million TEUs, leveraging its global footprint to offset disruption.
Logistics
Logistics revenue reached USD 4.58 billion (-4.9 %), while EBITDA was USD 428 million (-6.8 %), with margin slightly down to 9.3 %. The decline reflects a weaker automotive freight market in Europe and volatile demand.
Other Activities
Revenue for other activities (terminals, air cargo, media) increased 55% to USD 1.22 billion. EBITDA rose to USD 299 million, nearly doubling from prior year, with margin improving to 24.6%.
Strategic Highlights
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India: CMA CGM announced six LNG-powered 1,700-TEU container ships, to be delivered from 2029.
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Saudi Arabia: The Group signed an MoU on Terminal 4 at Jeddah (capacity 2.6 million TEUs), aligning with Vision 2030.
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Germany: CMA CGM agreed to acquire 20 % of Eurogate CTH, supporting its modernization and expansion.
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UK: The Group plans to acquire Freightliner UK Intermodal Logistics to boost its rail-intermodal footprint (expected early 2026), aiding decarbonisation.
Outlook
Chairman & CEO Rodolphe Saadé said the Group will remain agile and cost-disciplined. He noted that rising industry capacity and weaker demand are likely ahead, but CMA CGM’s long-term vision remains unchanged.
