Shipping revenue was up 88% to $45.3?billion, and EBITDA was $22.1?billion, up over 300% from 2020
CMA CGM 2021 revenue up 78% to $56bn on shipping boost
French carrier CMA CGM reported a 78 percent increase in revenue to $56 billion in 2021, mainly driven by near doubling (up 88 percent) of shipping revenue.
"EBITDA came in at $23.1 billion, representing an EBITDA margin of 41.3 percent (a 21.8-point increase compared with 2020)," according to an official release.
Net income was $17.9 billion. "The Group has decided to reinvest 90% of the net income into the Group's continued development, the energy transition and its employees. "
Net debt declined $9.2 billion year-on-year and amounted to $7.7 billion as of December 31, 2021, mostly driven by a high level of free cash flow generation.
