After bouyant year, CMA CGM sees ‘unprecedented uncertainty’ in 2025

News Snapshot:

(Photo: Flickr/Bernard Spragg) Red Sea diversions and tariff fears boosted container carrier CMA CGM results in 2024, but the company sees a less clear outlook this year. The world’s third-largest liner operator reported full-year revenue of $55.5 billion in 2024, up 18% y/y. Earnings before interest, taxes, depreciation and amortization was $13.4 billion, with an EBITDA margin of 24.2%. Net income for the privately held company was $5.71 billion, up 2.07% y/y. Revenue from container shipping was $36.5 billion, ahead 16.2% from 2023. EBITDA soared to $11.24 billion, up 51.9%. EBITDA margin was 7.2 points better at 30.8%, which compares...