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EUROGATE Net Profit Up 13%

Maritime Activity Reports, Inc.

April 8, 2016

EUROGATE can look back on a good financial year, 2015. Despite difficult market conditions the European terminal operators Group increased its net profit by 13.4 percent to EUR 73.5 million (prior year EUR 64.9 million). Container handling at the German EUROGATE locations grew faster than the market. In Bremerhaven, Wilhelmshaven and Hamburg EUROGATE 2015 hit with 8.2 million standard containers (TEU) 1.5 percent more boxes in order as 2014.

The entire North Range ports recorded in the same period dropped by 1.6 percent. The total amount of the turned-up in the European group_container totaled 14.5 million TEU two percent on the previous year and corresponded to the market development: The total throughput of European ports 2015 was also increased by two percent rückläufig1. Revenues of the EUROGATE Group rose by 4.5 percent to EUR 591.3 million (previous year: EUR 566 million). The operating result (EBIT) increased by 19 percent to EUR 91.1 million (previous year: EUR 76.5 million).
Emanuel Schiffer, Chairman of the EUROGATE Group Management Board: "EUROGATE presented good business results that allow us to make the group in the coming years for the future. This result can not get over that fool our market conditions have become more difficult, however. Global economic power is attenuated. Therefore international fewer goods are exchanged, resulting, among other things, that the growth of global container throughput slows principle in seaports. We are currently in a mature market with high competition. The shipping companies respond with larger container ships with transport capacity> 18,000 TEU. For us as terminal operators are the challenges in coping with the resulting peak in ship handling. We need to offer our customers high productivities, thus the use of large container ships that sought by our customers result."
EUROGATE: trend towards large container ships> 18,000 TEU

The number of large container ships> 10,000 TEU, the German EUROGATE container terminal in 2015 anliefen in Bremerhaven, Wilhelmshaven and Hamburg, increased by almost 35 percent to a total of 618 attempts. One third of these vessels (201) already has transportation capacity> 18,000 TEU. Around 19 percent of these ships docked at Wilhelmshaven. Germany's only deepwater container terminal, the EUROGATE Container Terminal Wilhelmshaven, benefited from the ship sizes and increased its turnover to 426 751 TEU, 536.2 percent more than in the previous year (67 076 TEU). Bremerhaven and Wilhelmshaven increased together the envelope by 1.9 percent to 5.9 million TEUs (previous year: 5.8 million TEU) and was thus slightly above the market. The EUROGATE Container Terminal Hamburg increased slightly with an increase of 0.5% to 2.3 million TEUs.
Trend towards large container vessels on Mediterranean routes

The Italian container terminals developed positively overall, although the decline in container volumes at MCT Medcenter Container Terminal in Gioia Tauro, Calabria, the overall balance clouded. The Italian container terminal proposed around 2015 of 4.8 million TEU-NEN, 5.5 percent less than in 2014 (previous year: 5.1 million TEUs). The largest container terminal in the CONTSHIP ITALIA group had only completed in late summer 2015 a phase of restructuring, so that the handling balance was still negative end, 2015. With 2.5 million TEU terminal was 14.7 percent in Gioia Tauro on the previous year (2.9 million TEUs). After a successful restructuring, a positive development is expected for 2016 again.

The trend towards the use of large containerships also relates to the Mediterranean routes. The Mediterranean terminals are also served by larger container ships. For this reason, the LSCT La Spezia Container Terminal, Liguria, where his envelope in 2015 increased by 7.6 per cent from 1.1 million TEU to 1.2 million TEU, of two gantry cranes with booms for clearance of ships with a width invested 23 rows of containers on deck and taken in the past year in operation. The LSCT La Spezia Container Terminal is the first and only Terminal, which operates container cranes of this size in Northern and Central Italy.
Euro Gates Success Strategy: A strong network

Euro Gates strategy for success lies in its network. Thanks to its existing network of eleven container terminals EUROGATE is able to offer its customers any time alternative location. Looking for new investment opportunities of this network is to be expanded.

Thus, EUROGATE has participated in the public tender for the privatization of the container terminal Limassol, Cyprus. According to the carried out on February 25, 2016 publication of the Cypriot Ministry of Transport to the consortium EUROGATE International GmbH with its partners Inter Orient Navigation Company Ltd. and East Med Holdings SA qualifies as "Preferred Tenderer".

In October 2015, the subsidiary EUROGATE International GmbH announced its 16.67% stake in the Contrail Logística SA, headquartered in São Paulo, Brazil, known. Contrail provides transport solutions to the hinterland of Santos, Brazil's largest seaport. EUROGATE sees high synergy potential with the routes of its shipping customers who have in their timetables Santos as a port.

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