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Snapshot: It’s a stellar Q3 for CMA CGM as Ceva turnaround ‘starts to bear fruit’

November 20, 2020 by Choice Aviation Services0Air Cargo

“Blessed is he who expects nothing, for he shall never be disappointed.” ― Alexander Pope
As widely expected, France's CMA CGM today reported stellar interim results, with nine-month (9M '20) and third-quarter (Q3 '20) profits coming in at $751m and $567m, respectively.
Take this: in the first nine months, it added more than $1bn of group ebit against 9M '19.
Notably, Q3 '20 revenues rose to $8bn from $7.6bn, on a comparable basis.
In …

The post Snapshot: It's a stellar Q3 for CMA CGM as Ceva turnaround ‘starts to bear fruit' appeared first on The Loadstar.

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