Second Quarter 2020 Results
- major increase in the Group’s operating margin in an environment experiencing decline in volumes carried.
- CEVA Logistics’ turnaround plan on track.
- 积极的净收入，团体急剧分享。
- 2020年第三季度的强大财务前景。
CMA CGM Group的董事会是航运和物流领域的188金宝慱网址全球领导者，今天在董事长兼首席执行官RodolpheSaadé的主席下会议，以审查2020年第二季度的财务报表。
Upon the release of the second quarter results for 2020,Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group，，，，commented:
“Despite the COVID-19 pandemic, our Group reported excellent results during the 2nd quarter, thus strengthening our financial structure. Thanks to our agile business model and synergies between our shipping and logistics business activities, we were able to adapt our service offerings to meet our customers’ fast-changing needs. We have also significantly reduced our costs and benefited from the drop in oil prices. CEVA Logistics’ turnaround plan is underway and in line with our expectations. During this public health crisis, preserving the safety of our employees was a top priority. Our teams have been working hard to ensure the Group’s and customers’ business continuity. Our expertise has been especially useful in combating COVID-19 by developing sea and logistical bridges to supply essential medical equipment. Third quarter results should mark a new improvement in our performance.透明
Operating and financial performance for the second quarter of 2020
Shipping and logistics industry is facing an unprecedented situation
The Group performed second quarter operations under unprecedented circumstances due to the COVID-19 pandemic. Container traffic volumes decreased for the first time since 2009 as a result of lockdown measures in several countries. This resulted in the shutdown of production units, in particular in China, during the first quarter. This was then followed by a sharp downturn in global consumer demand in March and April.
所有供应链都能够适应以避免中断并提供供应，尤其是医疗设备。随着锁定措施的逐渐解除，截至5月起，载有量强烈反弹，这是库存重建的综合作用和货物消费的急剧恢复，尤其是在美国。
CMA CGMwas able to leverage its shipping and logistics expertise to tackle this challenge while also improving profitability, in particular by actively adapting fleet capacity to demand and continuing its cost discipline.
Group: major improvement in operating performance and net income
During the second quarter of 2020, CMA CGM improved profitability in all its business activities. Revenue for the period reached USD 7.0 billion, down 9.0% compared with the second quarter of 2019, due to a slowdown in volumes related to the impact of the global public health crisis on international trade.
EBITDA再次改善，比2019年第二季度增长了26.3％，超过12亿美元。EBITDA的利润率令人印象深刻，达到17.2％(vs. 12.4% during the second quarter of 2019). The operating margin was USD 530 million, i.e., 7.6%, versus USD 286 million (3.7%) for the second quarter of 2019.
During the second quarter of 2020, the CMA CGM Group posted positive net income, Group share of USD 136 million, up sharply, compared with a loss of USD 109 million during the second quarter of 2019, and a benefit of USD 48 million during the first quarter of 2020.
该集团的运营绩效产生了超过11亿美元的营业现金流量。
moreover, the Group’s liquidity was further strengthened by securing a EUR 1.05 billion guaranteed bank loan, EUR 300 million of which was allocated to the CEVA Logistics capital increase.
As a result, the Group’s liquidity position (available cash and undrawn credit lines) totaled USD 2.6 billion at June 30, 2020, allowing the Group to comfortably meet future financial obligations.
与其谨慎的财务政策一致，CMA CGM继续主动评估所有潜在选择以加强其财务结构，这可能包括在所有可用资金来源中的再融资机会。
运输：EBITDA强劲增长30％
由于1920年第二季度携带的卷量与2019年第二季度相比，在2020年第二季度携带的量下降了13.3％，比最初预期的有限。结果，该季度的收入与2019年第二季度相比下跌了10.9％，总计53亿美元的运费，这要归功于每TEU的平均收入（25英尺等效单位）1,112美元，全年增长2.8％-年。
Shipping EBITDA grew by 30% during the second quarter of 2020 at USD 1,052 million (vs. USD 808 million during the second quarter of 2019). The operating margin was up an impressive 86% to USD 497 million, i.e., 9.3%.
Unit cost by TEU was down 4.6% compared with the second quarter of 2019, at USD 892 due to the decline in oil prices, the Group’s cost-cutting initiatives and the reduction in the fleet of vessels and containers deployed. CMA CGM demonstrated its ability to rapidly adapt its deployed capacity to demand, in line with the discipline seen more generally across all industry operators.
物流：转型计划的延续，出色的空运性能，运营利润率恢复78％
CEVA Logistics turnaround plan implementation remained on track despite the challenging environment. The COVID-19 crisis has confirmed the relevance of our strategy of offering complementary shipping and logistics services, such as CEVA Logistics’ commercial airfreight and warehousing solutions. The second quarter saw the initial signs of the recovery of the CMA CGM Group’s logistics subsidiary.
The Group’s logistics segment demonstrated its resilience during the past quarter, despite revenue being down 4.7% at USD 1.7 billion, also affected by adverse FX movements.EBITDA increased to USD 153 million，即，与2019年第二季度相比， +4.1％，尽管健康危机对其结果估计为700万美元的结果产生了负面影响。这种有限的影响强调了实施的广泛措施的成功，以抵消公共卫生危机的负面影响。
These results benefitted from the strong airfreight business thanks to air charters compensating the absence of regular capacity. Ground activities progressed further on their recovery. This performance offset the weakness of sea freight. The results of contract logistics were penalized during the quarter by the pandemic, which led to the closure of many sites.
营业利润率大大增长了78％，达到4000万美元。
Logistics net loss continued to recover during the second quarter, reaching USD -1 million, compared with a net loss of USD 32 million during the second quarter of 2019.
Highlights for the second quarter of 2020
在Covid-19-19公共卫生危机期间，互相调整和支持
188金宝慱网址CMA CGM集团的主要优先事项是确保全球所有小组员工都安全，同时利用其专业知识来支持其客户提供连续性。因此，该小组设计了“业务连续性包”，这是一种新的服务范围，可在这些空前的时期提供适合客户需求的解决方案。
The CMA CGM Group, via its logistics subsidiary, also focused on prioritizing transportation of essential goods, particularly medical supplies, by building logistical bridges to France and several countries across the world.
At the same time, thanks to its Foundation, the CMA CGM Group allocated a special budget to fund community-focused initiatives aimed at fighting the COVID-19 pandemic and supporting those most affected by the public health crisis in France, Lebanon, the United States and several African and Asian countries.
Simplified shipping service offering
After the Asia – India and Latam trade lanes transfer, the Group announced early July that CMA CGM will become the sole carrier on the Transpacific trade. This decision aims at simplifying the product offering while optimizing the cost base and adapting to the current economic and trade environment.
通过这一新开发，该小组简化了其品牌战略：CMA CGM成为由专家品牌支持的唯一全球运营商：
- APL，作为美国政府货物的专家；
- Anl，作为大洋洲的领导者；
- CNC，作为亚洲内部短进度专家；
- MercoSul线，作为巴西Cabotage专家
- Containerships, as the multimodal transport intra-European leader
Outlook
Rebound of international trade
Apri以来集装箱航运的复苏l should continue during the third quarter of 2020 for most routes, driven by faster recovery in the consumption of goods than of services, the growth of e-commerce, and usual seasonality. These factors recently drove freight rates to historically high levels, in particular on transpacific routes where the Group is the world leader.
在第三季度预期的运营绩效进一步改善
考虑到与当前健康和经济环境有关的不确定性，CMA CGM集团仍然保持谨慎，并继续采取必要的公共卫生措施，适应其产品，并将精力集中在运营效率上，成本控制和优化其运营设置。188金宝慱网址
该小组将仔细监测情况的发展，这仍然不确定。但是，该集团对2020年第三季度的业务前景充满信心：由数量和货运率驱动的当前运输市场的强劲势头应使该集团能够与第二季度相比，该集团能够进一步显着提高其营业利润率。
