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The CMA CGM Group performed strongly last year but cautioned against an uncertain geopolitical environment in 2025
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Net income jumped 57% to $5.71 billion in 2024
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Revenue reached $55.5 billion, up 18% year-on-year as demand for container shipping surged
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Earnings before interest, taxes, depreciation and amortization reached $13.4 billion, with an EBITDA margin of 24.2%, a 5.1-point increase from 2023
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CMA CGM ships carried 23.6 million TEUs, up 7.8% y-o-y, reflecting sustained demand
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Revenue from the maritime division hit $36.5 billion, up 16.2%
The CMA CGM Group performed strongly last year but cautioned against an uncertain geopolitical environment in 2025.
The company’s latest financial results placed net income at $5.71 billion in 2024, up 57% from 2023. Revenues reached $55.5 billion, an 18% year-on-year jump as demand for container shipping surged. EBITDA (earnings before interest, taxes, depreciation, and amortization) rose to $13.4 billion, lifting margin to 24.2%, a 5.1-point improvement from 2023.
Shipping operations remained the primary driver of growth, with total container volumes reaching 23.6 million twenty-foot equivalent units, a 7.8% rise y-o-y.
Revenue from the segment climbed 16.2% to $36.5 billion, while EBITDA surged to $11.2 billion, reflecting a 30.8% margin, up 7.2 points. The company also increased average revenue per TEU to $1,549, up 7.7% y-o-y.
CMA CGM’s logistics arm also posted positive results following its acquisition of Bolloré Logistics, the group’s largest acquisition since its founding in 1978. The logistics division recorded $18.4 billion in revenue, up 20.9%, while EBITDA grew 28.3% to $1.8 billion, with a margin of 9.6%.
“Our Group has delivered strong results this year, driven by our shipping activities. Our logistics business has also performed well, supported by the strategic investments made in recent years. In 2025, in a context of heightened geopolitical tensions and unprecedented uncertainty, our Group will continue to strengthen its position with an expanding low-carbon fleet, state-of-the-art infrastructure, and a workforce trained to tackle the challenges ahead. With these solid foundations, I am confident in our ability to adapt and continue delivering exemplary service to our customers,” said chairman and CEO Rodolphe Saadé.
Looking at 2025, CMA CGM anticipates stable global economic growth of around 3%, with world trade expected to expand at a similar rate. However, rising US tariffs, vessel deliveries, and geopolitical tensions in key maritime zones such as the Red Sea will be crucial factors in shaping the industry.
The group said they remain “prudent and paying close attention to the changing economic and geopolitical situation,” and with a confident outlook on leveraging its diversified business model and financial strength.”
Last year, the group continued its expansion in port infrastructure, with a network that now includes 60 port terminals in 30 countries. In September CMA CGM acquired a 48% stake in Santos Brasil, the leading port infrastructure operator in Brazil and owner of the largest container terminal in South America.
In 2024, the Group signed a joint partnership agreement with Marsa Maroc to operate part of the Nador West Med container terminal and inaugurated the Khalifa terminal in Abu Dhabi, a key hub for international trade.
The CMA CGM Group has strengthened its position as a major player in the global supply chain with the acquisition of Bolloré Logistics, which placed CEVA Logistics as one of the world’s top five logistics operators in 2024.
CEVA Logistics has increased its presence in Saudi Arabia by signing a joint venture agreement with Almajdouie Logistics to provide integrated end-to-end logistics services to Saudi companies. As official logistics partner for the Paris 2024 Olympic and Paralympic Games, the CMA CGM Group, via its CEVA Logistics subsidiary, played a crucial role in the reception, storage, preparation and customs clearance of goods and equipment for the world’s biggest sporting event.
CMA CGM Air Cargo grew its fleet, deploying its third Boeing 777-200F on a new transpacific route and in the media sector, the group completed the acquisition of RMC-BFM, a French media company in July 2024. With this transaction, CMA Media has become the third largest private media group in France.
