CMA CGM Reports Strong Revenue and Profit Growth in 2024 – Key Trends & Market Outlook
1. Impressive Financial Performance in 2024
CMA CGM, one of the world’s leading container shipping and logistics companies, has reported significant financial growth in 2024, with:
- Revenue rising by 18 percent to USD 55.5 billion, up from USD 47.02 billion in 2023.
- Profit surging by 49.3 percent, driven by increased transport volume and improved freight rates.
- Strong EBITDA performance, reaching USD 13.4 billion, with a profit margin of 24.2 percent, up 5.1 percentage points from 2023.
This outstanding performance positions CMA CGM as a key player in global logistics, entering 2025 with financial stability despite market uncertainties.
2. Key Drivers Behind CMA CGM’s Growth
2.1. Surge in Container Shipping Revenue
CMA CGM’s container shipping business remains the primary growth engine, contributing to:
- 23.6 million TEUs transported, a 7.8 percent increase from 2023.
- Container transport revenue up 16.2 percent, reaching USD 36.5 billion.
- Profit from shipping activities hitting USD 11.2 billion, up from USD 7.4 billion in 2023.
- Average revenue per TEU rising by 7.7 percent, reaching USD 1,549 per container.
2.2. Expansion in Logistics Services
CMA CGM’s logistics segment has seen strong double-digit growth, mainly due to the Bolloré Logistics acquisition, resulting in:
- Logistics revenue increasing by 20.9 percent, reaching USD 18.4 billion.
- Logistics profit growing by 28.3 percent to USD 1.8 billion, with a 9.6 percent profit margin.
The company highlighted growth in contract logistics and finished vehicle logistics, despite challenges in the automotive sector.
2.3. Diversification Through Port and Infrastructure Investments
Revenue from other activities, including port operations, surged by 43.3 percent to USD 2.9 billion, boosting profits by 87.2 percent to USD 441 million. The profit margin improved by 3.6 percentage points, reaching 15.4 percent.
3. Market Outlook & Potential Challenges in 2025
CMA CGM forecasts stable global economic growth at around 3 percent in 2025, with trade expected to align with GDP expansion. However, key risks include:
- Potential U.S. tariff hikes on imports, which could disrupt global trade flows and lead to shifts in supply chains.
- Geopolitical uncertainties, affecting trade routes and freight demand.
- Fluctuating freight rates, as market conditions remain dynamic.
4. Conclusion
CMA CGM’s strong financial results in 2024 underscore its resilience and strategic expansion in the logistics and shipping industry. With a solid financial base and growing market share, the group is well-positioned to navigate the challenges of 2025 and beyond.
Real Logistics will continue to monitor developments in the global logistics sector and provide insights into how shifting trade policies, freight rates, and economic conditions impact international supply chains.
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