Eurogate Group: Operating result up almost 29 per cent in 2010
Container terminal logistics group Eurogate (Bremen) expects increasing handling volumes for 2011
Thomas Eckelmann, Chairman of the EUROGATE Group Management Board, presented pleasing figures in the balance sheet at the annual press conference in Bremen. The result improved 28.9 per cent compared to 2009 to EUR 61.6 million. Revenue grew by 1.4 per cent to EUR 599.6 million, handling volumes by 5.2 per cent. Return on equity rose to 42.9 per cent. This result is based on an extensive cost-savings and flexibilisation programme and significantly reduced investments. In spite of future difficult conditions the Eurogate management is expecting increasing handling volumes to also produce a further rise in the group operating result for 2011. Nevertheless, future developments are still subject to uncertainties as the general political and economic conditions remain challenging. Overcapacities caused by ever larger shipping vessels are increasing pressure on the market. The deepening of the shipping channels in the Rivers Elbe and Weser are urgently needed to ensure Bremerhaven and Hamburg are able to compete favourably with competitors in the Western ports, Eurogate emphasises. Eurogate was established in 1999, and is the leading container terminal logistics Group in Europe. Jointly with Contship Italia, the network operates nine container terminals from the North Sea coast to the Mediterranean area. Cargo throughput throughout Europe amounted to 12.6 million TEU in 2010. Quelle: LogEastics |