CMA booked higher revenue but lower operating margin from logistics branch in Q1

CMA CGM continued its logistics roll-out at the start of this year. Fiscal figures reveal increasing revenue and operating profit but also declining operating margin in logistics branch Ceva for the first months of the year.

CMA CGM acquired logistics firm Ceva in 2019. | Photo: PR / Ceva Logistics

CMA CGM has seen a hectic 2022 in its logistics business so far, having made new strategic acquisitions and expanded.

The French shipping group has a stated goal of growing in logistics and is thus among the container lines aiming to become able to provide end-to-end solutions for customers.

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