PORT OF HAMBURG magazine - Hafen Hamburg

EUROGATE: Record result in 2007 < Special
Fotos: EUROGATE
EUROGATE-Gruppengeschäftsführung v.l.n.r.: Emanuel Schiffer, Thomas Eckelmann, Heinz Brandt und
Helfried Rietz/EUROGATE Group management, left to right: Emanuel Schiffer, Thomas Eckelmann,
Heinz Brandt and Helfried Rietz
Auf Wachstumskurs: Anlieferung von neuen Containerbrücken
in Bremerhaven./On a growth curve: delivery of new
container cranes in Bremerhaven.
The EUROGATE Group has presented the best operating result in the company’s young history and is thus continuing unabated
on its steep growth curve. EBITDA increased by 34.8 per cent over the previous year and amounted to EUR 187.2 million
(previous year: EUR 138.8 million). Net of taxes, interest and depreciation and amortisation, the profit for the fiscal year 2007
came to EUR 112.5 million (previous year: EUR 69.9 million). The leap in revenue of 17.8 per cent to EUR 659.5 million (previous
year: EUR 560.0 million) is attributable to the enormous growth in container handling volumes. In 2007 the EUROGATE Group
handled 13.9 million TEUs Europe-wide, 10.6 per cent more than in the previous year.
At EUR 175.0 million, investments
in 2007 were exceptionally
high. They exceeded
the previous year’s level of EUR
107.9 million by 62.1 per cent.
EUROGATE is set to keep up with
this high pace of investment in the
years to come. Up to 2012, total
investments in the expansion of the
terminal facilities in an amount of
over EUR 1.1 billion are planned.
The financing of these investments
is guaranteed by the issuing of a
hybrid bond in 2007, the sustainable,
stable cash flows and the further
strengthening of the EUROGATE
Group’s equity position. From 2012,
this figure will be enhanced by
investments amounting to EUR 250
million for the planned westward
expansion of the Hamburg terminal.
The current fiscal year 2008 will
show the highest level of investments
in EUROGATE’s corporate
history so far. Investments amounting
to EUR 455.5 million are
planned.
Emanuel Schiffer, Chairman of the
EUROGATE Group Management
Board: “2007 was an extremely
successful year for the EUROGATE
Group. In 2008, we will secure our
growth through extensive investments.
In the coming years, the
number of vessels with a freight
capacity of over 10,000 TEUs is
set to dramatically increase at
our quayage facilities. We must
be prepared for this. For this
reason, we are investing heavily
in developing the facilities at our
terminal locations, as well as in
buying new, modern equipment.
As current plans stand, the EURO-
GATE Group will receive 50 Super-
Post-Panamax container cranes
between 2008 and 2012. That’s no
mean figure.”
Growth impulses for
employment
Employment figures also rose
significantly in 2007. Europewide,
the Group has 7,090 jobs,
7 per cent more than in the
previous year. In Germany,
EUROGATE currently employs
4,515 people, 5.9 per cent more
than last year. The impulses for
employment will continue at full
speed in 2008. At the German
locations, it is planned to create
more than 700 new jobs. >>>
PORT OF HAMBURG MAGAZINE 2/08
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