Decided contraction of the economic results of the Eurogate German



The terminalista group German Eurogate, that it is active also in the Italian ports through the participation pairs to 33.4% in the capital of the Contship Italy, has closed 2018 with a decided worsening of the economic performances regarding the exercise anniversary precedence. The volume of transactions has remained almost stable being piled to 604,0 million euros, with a bending of the -0,6% on 2017. EBITDA and EBIT have recorded decrease respective of the -14,1% and the -20,9% attesting to 125,8 million and 79,3 million euros. The profit clearly has been pairs to 67,3 million euros (- 20.9%).

We remember that last year the harbour terminals that are under responsibility of the German group have enlivened a containerized trade pairs to 14,1 million teu (- 2.2%), of which 7,8 million teu enlivened in the German ports (- 0.2%) and 4,4 million teu in those Italians (- 6.0%)(of 11 February 2019).

Introducing today the financial results of the exercise the 2018 German group it has specified that the year, by the operating point of view, is characterized by the impact of the consolidation big wave that has taken place during the last few years in the field of the marine companies of line, development that has had a positive impact on the activity of Eurogate with the second half of the year of 2018 of the society of the group that work a container terminal in the port of Amburgo that, for example - it has specified the group - has recorded a remarkable increase of the volumes inverting the trend negative in existence in the two years precedence, so as the container terminal of Eurogate in the port of Wilhelmshaven that benefits of the increasing deployment of portacontenitori ships of large-capacity, until 23.000 teu, and that for the third consecutive year it has recorded an increase to two figures of the traffic.

"2018 - the president of the German group has commented, Michael Blach - for Eurogate have been a challenging financial year exciting and, than at the end we are successful to close with an acceptable result". For the 2019 Eurogate it previews completely that the general conditions for the company will remain unchanged and that the process of consolidation between the navigation companies, not still carried to term, would not have however to involve meaningful changes.