Eurogate Group reports record result for 2008

Eurogate Group puts brakes on investments 

 

Eurogate Group (Bremen) closed the financial year 2008 with the best result in its 10-year history. The group increased its turnover by 8.4 per cent to EUR 715 million and achieved a record annual surplus of EUR 116.5 million. Hence the annual surplus exceeded the reference figure of 2007 by 3.5 per cent. The positive development of the result is attributed to the European-wide growth in container throughput volumes to 14.2 million TEU. The outlook to the financial year 2009 is predominated by the current economic and financial crisis.

In the financial year 2008 Eurogate implemented only EUR 238.4 million of the planned EUR 470 million for investments. This includes in particular investments into container gantry cranes and Van Carriers, paved areas, power supply plants and reconstructions and expansions of buildings. In the year 2009 non-urgent investments will be postponed. Large expansion plans such as the west-expansion of Eurogate Container Terminal Hamburg and the construction of Eurogate Container Terminal Wilhelmshaven are being developed according to the schedule.

At German locations (Bremen, Bremerhaven and Hamburg)Eurogate Group had 5,175 employees at the end of 2008, which are 660 more than at the end of 2007. In Europe the group had 8,200 employees, 1,110 more than in the previous year. “The main target of our personnel policy in 2009 is to secure the jobs created in previous years“, as the Management emphasised in a written press release.

Quelle: Österreichische Verkehrszeitung

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