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CMA CGM continues to reap super profits

The quarters follow one another and are similar to CMA CGM, which is always under the sign of good performance. The French group, the world’s third-largest shipowner with 580 vessels, posted a third-quarter net profit of $7 billion on Friday. In the spring, it registered a record amount of 7.6 billion. It therefore continues its momentum, with profits jumping to 21.8 billion YTD from 17.9 billion in 2021. CMA CGM’s revenue rose nearly 30% to $19.9 billion in the third quarter.

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These figures may once again revive the debate on the taxation of super profits. its profitability puts the ship owner on par with giants such as TotalEnergies or Sanofi. The government has not yet clarified its position on this topic, even if the Minister of Economy, Bruno Le Maire, has expressed his reluctance.

Meanwhile, CMA CGM expects a less prosperous tomorrow…

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Source: Le Figaro

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