CSAV 1Q24 Earnings Results June 2024

CSAV reports 1Q24 financial results with a US$159.1 million net loss driven by tax expense provisions related to foreign retentions, offset by US$71.4 million profit before taxes. Group profits reached US$325 million with strong performance from Hapag-Lloyd investment and the new Terminals & Infrastructure segment contributing US$35 million EBITDA. Red Sea security disruptions continue to impact shipping operations and market capacity.