Growth in container volumes across the global facilities of APM Terminals (APMT) reached 9% in the first quarter of this year at 9.4m teu, more than double the 4% growth registered generally in the market.
From a financial perspective, the company announced a profit of US$215m against US$ 166m for the same period last year. Profit, excluding divestment gains and impairment losses, was US$217m (US$161m – 2013), while cash flow from operating activities reached US$305m (US$242m – 2013) and cash flow used for capital expenditure was US$120m (US$ 164m – 2013).
Revenue grew by 5% with port activities increasing in line with volume, which was offset by a decrease in revenue for inland services due to the divestment of activities in North America and Asia. Overall, the company’s EBITDA margin improved to 24.3% (19.4% – 2013), supported by increased volume and operational efficiency.