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Duisport 2015 pre-tax profit up 6pc to US$41.5 million as sales rise 10pc
GERMANY's duisport Group posted a six per cent year-on-year increase in operating profit (EBITDA) to EUR37 million (US$41.5 million) in 2015, drawn on revenues of EUR217 million, which increased 10 per cent.
"In view of the stagnating logistics markets in Europe, we can certainly be very satisfied with the results that have been achieved," said Duisburger Hafen CEO Erich Staake.
"Despite a difficult market environment in the logistics and packing sector in terms of price, we have been able to increase the total return of the group by implementing a large number of process improvements.
"Our integrated service portfolio thus remains the basis for stable earnings developments," said Mr Staake.
Of the three business segments of the duisport Group - infrastructure, logistics and packaging logistics - logistics did best in 2015.
While infrastructure increased revenues 2.1 per cent to EUR48 million, revenues in logistics grew 25 per cent to EUR76 million.
The increased revenues in this business segment are mainly due to project logistics, the volume growth in the container and bulk segment, and the consulting and project business.
Packaging logistics revenues fell three per cent to EUR69 million in 2015. This decline was due to the spin-off of IPS Integrated Project Services GmbH into the Logistic Services business segment.
The duisport Group made investments of EUR20 million during the 2015 financial year, a 17.6 per cent year-on-year increase, with a focus on expanding handling and terminal capacities.
These activities included, among others, the construction of a second portal crane at logport III and the expansion of the DIT Terminal at logport I.
The duisport Group's workforce has also grown. After the number of employees surpassed the 1,000 mark for the first time in 2014, employment levels again increased by five per cent, reaching a new record of 1,050 employees in 2015.
Total goods handling for all Duisburg ports was 129 million tonnes last year. The slight decline over the previous year is the result of handling developments at the private commercial ports due to economic factors.
The total handling volume at the ports of the duisport Group grew by six per cent to 69 million tonnes, reaching a new record.
Handling volumes for rail and ship increased 6.6 per cent year on year to 35 million tonnes in 2015. While ship handling was flat at 16 million tonnes, rail handling grew 12 per cent to 19 million tonnes.
"This was the first time since the 2008-09 financial crisis that we experienced a slight decline in sea container transshipments in the Hamburg - Le Havre Range," said Mr Staake.
"In view of this trend, I am quite pleased with the developments of the past year. We were evidently successful in gaining additional market share," he said.
"In view of the stagnating logistics markets in Europe, we can certainly be very satisfied with the results that have been achieved," said Duisburger Hafen CEO Erich Staake.
"Despite a difficult market environment in the logistics and packing sector in terms of price, we have been able to increase the total return of the group by implementing a large number of process improvements.
"Our integrated service portfolio thus remains the basis for stable earnings developments," said Mr Staake.
Of the three business segments of the duisport Group - infrastructure, logistics and packaging logistics - logistics did best in 2015.
While infrastructure increased revenues 2.1 per cent to EUR48 million, revenues in logistics grew 25 per cent to EUR76 million.
The increased revenues in this business segment are mainly due to project logistics, the volume growth in the container and bulk segment, and the consulting and project business.
Packaging logistics revenues fell three per cent to EUR69 million in 2015. This decline was due to the spin-off of IPS Integrated Project Services GmbH into the Logistic Services business segment.
The duisport Group made investments of EUR20 million during the 2015 financial year, a 17.6 per cent year-on-year increase, with a focus on expanding handling and terminal capacities.
These activities included, among others, the construction of a second portal crane at logport III and the expansion of the DIT Terminal at logport I.
The duisport Group's workforce has also grown. After the number of employees surpassed the 1,000 mark for the first time in 2014, employment levels again increased by five per cent, reaching a new record of 1,050 employees in 2015.
Total goods handling for all Duisburg ports was 129 million tonnes last year. The slight decline over the previous year is the result of handling developments at the private commercial ports due to economic factors.
The total handling volume at the ports of the duisport Group grew by six per cent to 69 million tonnes, reaching a new record.
Handling volumes for rail and ship increased 6.6 per cent year on year to 35 million tonnes in 2015. While ship handling was flat at 16 million tonnes, rail handling grew 12 per cent to 19 million tonnes.
"This was the first time since the 2008-09 financial crisis that we experienced a slight decline in sea container transshipments in the Hamburg - Le Havre Range," said Mr Staake.
"In view of this trend, I am quite pleased with the developments of the past year. We were evidently successful in gaining additional market share," he said.
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