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EUR 147.72
For Business Accounts Only
CMA CGM 4Q16 - More than staying afloat
CMA CGM, the third largest shipping carrier, held a conference call today to present a strong set of 4Q16 results. Those underline a focus on profitability through disciplined pricing instead of hunting market shares, cost base improvements as well as a degree of NOL synergies. In that context, on a standalone basis, volumes abandoned 5.4%, confirming the strategy of carefully selecting transported freight which began last quarter. Revenue decrease was even stronger at -7.9% to $3,290m as freight rates remained below end of 2015 figures despite rebounding at the end of 2016.
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Spread Research
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
Damien Bas
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