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APMT releases interim report

APMT releases interim report

APM Terminals was released its interim results, announcing an increased profit of US$223m (US$179m) and a return on invested capital of 14.2% (12.8%).

The operator said that new terminals added to the portfolio and terminals becoming fully operational supported the 8% growth in volume.

More than 80% of EBITDA was generated in growth markets, with 41 out of 66 container terminals located and operated in these markets.

Revenue increased 6%, representing the growth in volume and tariff increases in port activities, partly offset by a decrease in Inland Services due to divestment of activities in North America and Asia. The EBITDA margin improved to 23.0% (20.4%) supported to a large extent by the increase in volume and increased tariffs.

The invested capital increased to US$6.4bn (USD$5.6bn) reflecting the continued high investment levels within the company, developing seven terminals and expansions in a further 16.

“APM Terminals had a good performance in the second quarter and in the first half of 2014,” said Kim Fejfer, APM Terminals CEO. “It is crucial for our Global Terminal Network to provide stable operations and constantly improve our efficiency and portfolio offerings to our customers.”