Development according to plan at Eurogate Group
Container terminal logistics group Eurogate expects stable development of turnover and results for 2010 It will still take some time before container throughput in the seaports will reach the record level of 2008 again. The Management of the Eurogate Group (Bremen) is nonetheless looking confidently into the future, thanks to their strategically ideal market positioning. CEO Thomas Eckelmann expects in spite of the general difficult framework conditions in the year 2010 a stable development of turnover and results. “Politicians must make sure that the competitive disadvantages of Germany as a location are reduced and that there are the same framework conditions in all ports of northern Europe. The same is true for transhipment ports in southern Europe“, he appeals. In 2009 Eurogate Group has reached its goals in an economically difficult market environment. With a decline in sales revenue of 17.3 per cent to EUR 591.4 million, the annual surplus amounted to EUR 47.8 million (down 59 per cent on 2008). Investments were reduced by 59.5 per cent to EUR 96.7 million. This combined with a comprehensive cost cutting program at the amount of EUR 76.6 million, created the basis to stabilise the employment situation. Eurogate is Europe’s leading container terminal logistics group. The network and Contship Italia operate ten container terminals ranging from the North Sea to the Mediterranean Sea. A new sea terminal in Wilhelmshaven is under construction. Intermodal services and specialised logistics management complete the service portfolio. In the past year the company group handled 12.5 million TEU at its terminals. Quelle: LogEastics |