- A solid performance supported by the Group’s shipping investment strategy.
- A milestone reached in logistics development in 2024, with the integration of Bolloré Logistics.
- An uncertain geopolitical environment in 2025.
CMA CGM Group, a global leader in shipping and logistics, has reported solid financial performance for the year 2024, showcasing resilience and robust growth despite global challenges.
Key Financial Highlights
- Revenue: Full-year 2024 revenue stood at $34.8 billion, reflecting a slight decrease compared to 2023, primarily due to the overall market conditions and lower freight rates. However, the group continued to demonstrate strong resilience in the face of these challenges.
- Operating Income: Operating income for 2024 reached $6.4 billion, with a decrease of 12% compared to the previous year, yet still maintaining a healthy level despite fluctuating market conditions.
- Net Profit: The company recorded a net profit of $3.5 billion, ensuring strong profitability despite the headwinds in the global logistics and shipping sector.
Strategic Investments and Future Outlook
CMA CGM continued its strategic investments in sustainable technologies, port infrastructure, and expanding its logistics services. The company is focusing on accelerating its transition to a greener fleet, including its efforts in biofuel and LNG-powered vessels. Additionally, the group emphasized the continued development of its logistics and e-commerce services, enhancing its global supply chain capabilities.
Commitment to Sustainability
CMA CGM remains committed to sustainability, aiming to reduce its carbon emissions and make significant strides toward carbon-neutral operations by 2050. The company has expanded its fleet of eco-friendly vessels, which aligns with its long-term sustainability goals and the global push for decarbonization in the shipping industry.
Rodolphe Saadé, Chairman and CEO of CMA CGM Group, expressed confidence in the company’s strategy and outlook, despite the ongoing economic uncertainties. He highlighted the importance of innovation, digital transformation, and sustainability as key drivers for the group’s success in the coming years.
“We have navigated through a challenging year and have shown that CMA CGM is built on strong foundations. Our resilience and ability to adapt to market changes ensure that we remain a leader in global shipping and logistics,” Saadé said.
Conclusion
CMA CGM’s 2024 financial results reflect the company’s ability to adapt to fluctuating market conditions, maintain profitability, and continue its investment in sustainable practices. With a focus on innovation, sustainability, and strategic growth, the group is poised to strengthen its leadership position in the global logistics and shipping industry in 2025 and beyond.
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Source: CMA CGM
