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Indiaexportnews.com

duisport stays the course in a difficult environment

  03.04.2019    

The duisport Group is staying the course in an increasingly difficult economic environment. In the 2018 business year, the company generated revenues of EUR 278.6 million. This is 11.6% or EUR 28.9 million higher than the comparative figure of the previous year (EUR 249.7 million).
The operating result (EBITDA) improved by 4.9% from EUR 40.5 million to EUR 42.5 million. The net profit increased by 4.3% from EUR 11.7 million in 2017 to EUR 12.2 million. A particularly positive development: The participating interests made a significant contribution to the good result.   
At the press conference on the financial statements, Chief Executive Officer of Duisburger Hafen AG Erich Staake lowered the expectations for the current business year. “We cannot remove ourselves from global developments. Based on current RWI estimates, global container handling volumes already fell to 133.9 index points in February. In January, this figure was still at 138.2 That is the fourth-largest monthly decline observed to date. We are heading into rough waters.”  In this context, Staake also mentioned other uncertainties, which already had a negative effect on group revenues in the past business year: The low water levels on the Rhine in 2018 and the questions surrounding Brexit are just two examples in this context. Against this background, the positive numbers for 2018 are “a successful result that will likely be difficult to repeat.” 

The customer comes first: duisport as international “premium port”
At the same time, Staake also emphasized the strict strategic focus on quality criteria. In an international field, duisport has established a leading position as a “premium port”. “We focus on quality. The logistics parcels developed by us are premium locations. We also offer diversified and stable value chains. This intense customer focus has made duisport into a networking platform for logistics services. Our customers value this market position as a quality provider, and we will continue to develop this strategy at the global level.

Overview of the four divisions
Of the four duisport business divisions, the Infra and Superstructure segment generated sales revenues of EUR 54.4 million, which represents a 7.3% increase compared to the previous year's result (EUR 50.7 million).
Revenues in the Logistic Services segment increased by 2.1% from EUR 75.8 million to EUR 77.4 million. Similarly, the largest business segment - Packing Logistics - also reported strong growth of 7.6%, from EUR 87.0 million to EUR 93.6 million. In the Contract Logistics segment, duisport generated sales revenues of EUR 24.2 million. 

Investments
In 2018, the duisport Group invested EUR 20 million in fixed assets and financial investments. In 2017, this figure was an extraordinary EUR 34 million due to the acquisition of Bohnen Logistik and the construction of the logistics building for Daimler on Duisburg's Mercatorinsel.

Total handling volume
Total handling volumes, including private commercial ports, amounted to 127.5 million tonnes (2017: 130.6 million tonnes). This represents a decline of 3.0%. In the ports of the duisport Group, handling volumes declined from 68.3 million tonnes to 65.3 million tonnes. Bulk material volumes declined by ten percent due to the low water levels. Particularly the handling volumes for iron, steel and coal declined, while the handling volumes for mineral oil and chemicals remained stable.
Container handling, which accounts for 55% of the handling volume and is duisport's most important goods segment, reached the record level of the previous year with handling volumes of 4.1 million tonnes.

Central hub
Approximately 30% of the trade between China and Europe transported by freight train is already processed through the Port of Duisburg. This means that the Rhine-Ruhr region is becoming a central hub for the trade between the EU and China. Every week, 35 trains run between Duisburg and a dozen destinations in China. In the last financial year, approximately 130,000 TEU were transported on these trains.
Collaborations with Chinese partners are supposed to lead to further growth along the corridors of the Silk Road in the interest of the German export economy. At this time, duisport is primarily involved in the construction of the world's largest industrial and logistics park “Great Stone” near the Belarus city of Minsk. The consortium of European and Asian partners is working to reduce the transport time of the Chinese trains from the current 14 days to 10 days in the medium term.



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