Eurogate’s Wilhelmshaven terminal recorded a double digit increase in 2018, acting as a shining light amongst a 20.9% decline in net profit and throughput losses at its other terminals affected by the restructuring of shipping alliances.
The group’s net profit for 2018 was €67.3m (US$75.5m) compared to €85.2m (US$95.6m), with the decrease mainly attributed to non-recurring effects which significantly contributed to 2017 operating result.
Michael Blach, chairman of the Eurogate group management board, said: “For Eurogate, 2018 was both an exciting and a challenging financial year, which we were ultimately able to close with an acceptable result.”
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