Please click here for CMA CGM Financial Information.



Preliminary Unaudited Consolidated Financial Highlights For Full Year Ended 31 December 2018

22 April 2019

Note: The information presented defers from the information published by CMA CGM Group due to purchase price allocation adjustments, among others.

FY18 FY17 Change
Revenue (US$m) 6,357 5,882 +475
Core EBITDA (US$m) 110 420 -310
Core EBIT* (US$m) (66) 247 -313
Net (loss)/profit excluding Non-Recurring Items (US$m) (133) 125 -258
Net (loss)/profit including Non-Recurring Items (US$m) (134) 889 -1,023
Volume (‘000 TEUs) 5,409 5,056 +353
Average Revenue per TEU (US$/TEU) 1,175 1,163 +12
*Earnings Before Interest, Taxes and Non-Recurring Items

Operations Review

For the full year ended 31 December 2018, APL’s revenue stood at US$6.357 billion, up 8% from US$5.882 billion in FY2017. The improved revenue was attributable to a 7% volume growth to almost 5.41 million TEUs, versus 5.06 million TEUs in FY2017.

APL reported a Core EBITDA of US$110 million amid rises in bunker and operational costs.

Moving forward, APL will focus on improving profitability by embarking on a rigorous cost management and yield-focused trade strategy that encompasses network optimisation and better cargo selection. This is consistent with the CMA CGM Group’s US$1.2 billion cost reduction plan for 2019 which was announced on 1 March 2019.

Trade Performance

In 2018, APL registered significant volume improvements on almost all the trade lanes it serves, demonstrating its commercial dynamism. In particular, APL’s stronghold Intra-Asia market saw a 9% volume increase and an improved product mix. In addition, Trans-Pacific market recorded a 6% volume increase.

Service and Network Development

Shoring up market relevance, APL steered ahead with 36 services of the OCEAN ALLIANCE, as part of the CMA CGM Group; and 20 services that it introduced and refined in 2018.

APL successfully launched the premium Eagle Express X (EXX) service which made waves with its fast 11-day Shanghai-US West Coast transit; excellent customer service; as well as guaranteed equipment and space. APL’s US flagged Eagle Express (EX1) service was also upsized and refined, speeding up transit time from the US West Coast to Asia.

APL also introduced Eagle GO Guaranteed, a value-added service promising equipment and vessel space on board its services. APL expanded this pay-on-demand offering that now applies to APL’s Intra-Asia, Asia-Europe, Trans-Pacific, Trans-Atlantic, Oceania, Asia-Latin America and North America-Latin America services.

Becoming the Intra-Asia champion through CNC

On 31 December 2018, APL acquired the book of business and trademarks of its sister company Cheng Lie Navigation Co., Ltd (CNC). The completion of acquisition follows APL’s announcement on 10 December 2018.

CNC, now a brand of APL, will integrate the Intra-Asia shortsea business of APL and become the sole brand of the CMA CGM Group in Intra-Asia shortsea.

APL’s FY2018 Performance Review can be downloaded from here. For more information on CMA CGM Group financial performance, click here.

*Note: APL is the trading name of NOL Ltd
Announcement Presentation
Full Year Results 2018



Half Year Results 2018





Announcement Presentation
Full Year Results 2017

FY2017 Announcement

FY2017 Presentation

Half Year Results 2017

1H2017 Announcement

1H2017 Presentation



Announcement Presentation Unaudited Financial Statements
Full Year Results 2016

FY2016 Unaudited Financial Highlight

FY2016 Presentation

First Quarter Results 2016

1Q2016 Press Release

1Q2016 Presentation

1Q2016 Financial Results