CMA CGM 2022 revenue up 33% at $74.5bn

Group EBITDA increased 44% to $33.3bn, Group share of net income was $24.9bn for 2022. Topline from other activities (including CMA CGM Air CargO) increased to $1.8bn and EBITDA nearly tripled to $447mn.

As trade returns to normal and freight rates decline, our strategy and recent investments will prove all the more relevant and allow us to look forward to 2023 with confidence: Rodolphe Saadé

Following the delivery of two Boeing 777Fs, CMA CGM Air Cargo began operating in early June from its new base at Paris Charles de Gaulle airport. Regular service is now offered from Paris-CDG to Hong Kong, Chicago, Miami and Shanghai.

The Group acquired 9% stake in Air France-KLM, becoming its largest private shareholder, and Saadé became a member of the Air France-KLM board of directors

Revenue from logistics business (CEVA) increased 48% to $16bn supported by robust expansion in freight management business, particularly in the first half, as well as recent acquisitions

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