French shipowner CMA CGM records record profit

Never had such a high profit, 23.5 billion euros in 2022, been made by a French company. The shipowner CMA CGM has become an industry giant and overtakes the biggest companies of the CAC 40, TotalEnergies, but also Stellantis and the luxury behemoths. The company benefited from an increase in maritime traffic with the confinements, the demand for containers and their prices therefore soared. She has built an empire, ten years after being on the verge of closing.

The group will become the new sponsor of OM

For several years, Rodolph Saadé, head of the CMA, has been diversifying his areas of activity. He invests in the port of Los Angeles (United States), buys a logistics company and becomes a shareholder of Air France to develop air freight. The group does not stop there, it has bought the newspaper La Provence, is preparing to become the new sponsor of Olympique de Marseille and will even invest in space by acquiring 10% of the capital of a satellite operator. . The group’s financial health could revive the debate on superprofits, especially since it benefits from a favorable tax regime.