Independent journal on economy and transport policy
07:54 GMT+1
This page has been automatically translated by Original news
Container traffic in ICTSI terminals grew by +3.1% in the third quarter
Revenues increased by +6.2%
November 4, 2020
In the third quarter of 2020, the group's revenues amounted to $386.9 million (+6.2%), of which $379.3 million was millions of dollars generated by port activities alone (+6.7%). Operating expenses totalled 290.8 million dollars, up +0.3%. EBITDA and EBIT reached record values having been equal to 226.8 million respectively dollars (+13.4%) and $168.3 million (+18.4%). Net profit was $79.1 million (+34.4%).
In the first nine months of this year containerized traffic moveded by the group's terminals was 7.43 million teu, with a decrease of -2.2% over the period January-September 2019. In Asia, traffic has been 3.83 million teu (-4.4%), in the Americas of 2.25 million teu (+0.7%) and in Europe, the Middle East and Africa of 1.34 million (-0,3%).
In the first nine months of 2020, revenues amounted to 1.13 billion dollars (-0.9%), of which 1.10 billion were produced by the port activities (-0.3%). The gross operating margin is result of $643.2 million (+3.0%), operating profit of 473.7 million (+5.0%) and net profit of $210.4 million (+2.7%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
In the third quarter of 2020, the group's revenues amounted to $386.9 million (+6.2%), of which $379.3 million was millions of dollars generated by port activities alone (+6.7%). Operating expenses totalled 290.8 million dollars, up +0.3%. EBITDA and EBIT reached record values having been equal to 226.8 million respectively dollars (+13.4%) and $168.3 million (+18.4%). Net profit was $79.1 million (+34.4%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
