What Is CMA CGM’s Q2 Really Telling Us?
Revenue rose 19%. EBITDA climbed 31%. But the real signal lies beneath.
CMA CGM has just published its Q2 results—and the biggest takeaway isn’t the headline numbers.
Q1 showed higher shipping volumes but lower group EBITDA.
Q2 reversed that trend.
But not across the whole group.
The most important signal is not the 31% increase in EBITDA.
It is where that recovery did—and did not—appear.
Here are the five signals that matter. 👇
Unless stated otherwise, all changes below compare Q2 2026 with Q2 2025.