EUROKAI GmbH & Co. KGaA / Release of an announcement according to Article 37x
of the WpHG [the German Securities Trading Act]
18.11.2014 00:00
Interim report according to Article 37x of the WpHG, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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EUROKAI GmbH & Co. KGaA
Interim report for the third quarter 2014
To all our shareholders:
In the third quarter of 2014 the container terminals in the EUROKAI Group
recorded an overall rise in handling volumes of 5.0% compared with the same
period of the previous year, to stand at 11,228 million TEUs (previous
year: 10,697 million TEUs).
As of the end of September 2014 the price of EUROKAI preference shares
stood at EUR 31.00.
EUROKAI preference shares - main statistics:
ISIN: DE 000 570653 5
Current price (17 November 2014): EUR 30.45
52-week high: EUR 34.50
52-week low: EUR 21.00
Share capital: EUR 13,468,494.00, including preference shares of EUR
6,708,494.00
Handling figures and earnings
The following list shows handling figures for the containers in the EUROKAI
Group:
<pre>
Terminal Jan. - Sept. 2014 Jan. - Sept. 2013 Change
(in TEUs) (in TEUs)
Bremerhaven 4,356,965 4,421,932 -1.5%
Hamburg 1,739,393 1,436,930 21.0%
Wilhelmshaven 53,363 41,197 29.5%
Total Germany 6,149,721 5,900,059 4.2%
Gioia Tauro 2,266,664 2,300,949 -1.5%
Cagliari 470,846 465,506 1.1%
La Spezia 797,875 761,367 4.8%
Salerno 161,763 134,822 20.0%
Ravenna 144,354 154,740 -6.7%
Total Italy 3,841,502 3,817,384 0.6%
Lisbon 139,375 210,300 -33.7%
Tangier 1,018,515 730,756 39.4%
Ust-Luga 78,983 38,956 102.7%
Total EUROKAI 11,228,096 10,697,455 5.0%
</pre>
Each of the figures listed shows total handling volumes for the container
terminals concerned.
CONTSHIP Italia Group:
Handling figures for the CONTSHIP ITALIA Group in the third quarter of 2014
were up by 0.6% compared with those for the same period of the previous
year, standing at 3,842 million TEUs (previous year: 3,817 million TEUs).
Given the overall rise in handling volumes, results for the CONTSHIP Italia
Group also improved slightly for the period under review compared with the
same period of the previous year.
EUROGATE Group:
Handling figures for the EUROGATE Group at its German terminals of Hamburg,
Bremerhaven and Wilhelmshaven grew by 4.2% in the period under review
compared with the same period of the previous year, to stand at 6,150
million TEUs (previous year: 5,900 million TEUs). The continuing upward
trend in handling at the EUROGATE Container Terminal Hamburg should be
emphasised here, where an increase of 21.0% was registered.
Handling figures at the EUROGATE Container Terminal in Wilhelmshaven still
significantly failed to meet expectations, due to Maersk Line having
delayed the start for its large-vessel services to call there. A volume
rise of 29.5% was recorded, however, compared with the previous year.
The upward trend in handling figures in Germany in particular, and the
associated increase in revenues, also led in the period under review to a
rise in the EUROGATE Group's profits compared with the same period of the
previous year.
Following a rise of 84.4% in the previous year, handling figures at
EUROGATE Tanger S.A. of Tangier, Morocco, in which the EUROGATE Group and
the CONTSHIP Italia Group each have an indirect stakeholding of 20%, rose
significantly again in the period under review, posting an increase of
39.4% compared with the same period of the previous year.
Miscellaneous
After the collaboration announced by the three biggest container-shipping
lines, Maersk Line, MSC and CMA CGM, by way of a merger to form the 'P3'
Consortium, was prohibited by the Chinese government at the start of July
2014, Maersk Line and MSC have now announced that they will be operating
both their Far East-Europe services and their Transatlantic and
Trans-Pacific services under a vessel-sharing agreement (VSA), to be called
'2M.' This will be of particular significance for EUROGATE Container
Terminal Wilhelmshaven GmbH & Co. KG.
Meanwhile 2M, in publishing its timetables and the ports at which it will
call, has confirmed that two of its large-vessel services, with their
related feeder services, will be calling regularly at Wilhelmshaven,
starting at the end of February or beginning of March 2015. This will lead
to a sustained pickup of handling in Wilhelmshaven.
The result for 2013 contained one-off effects from the at-equity
consolidation of Medgate FeederXpress Ltd., which in the previous year had
posted a book profit from the sale of its shareholding in the UNIMED feeder
group, and from the sale of a subsidiary in the EUROGATE Group. If the
result for 2013 is adjusted to remove these one-off effects, EUROKAI Group
net profit for the year will, on present expectations, be slightly above
the level of the business year 2013.
In all, the EUROGATE Group, through its diversified European set-up, is
relatively independent and excellently positioned in its competitive
environment.
Risks threatening the continued existence of the business
Apart from the risks already set out in the Management Report as of 31
December 2013, no additional risks can be identified about which a report
would be necessary.
Addendum
There have been no other transactions of particular importance which were
not already listed in the Management Report as of 31 December 2013 and in
the Half Yearly Financial Report for 2014, or which are not already part of
this Interim Report.
Hamburg, 18 November 2014
The Personally Liable General Partner
Kurt F.W.A. Eckelmann GmbH
Thomas H. Eckelmann Cecilia E.M. Eckelmann-Battistello
EUROKAI GmbH & Co. KGaA
Kurt-Eckelmann-Str. 1
21129 Hamburg
Tel.: +49 40 7405-0
Fax: +49 40 7405-11
Internet: www.eurokai.de
18.11.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: EUROKAI GmbH & Co. KGaA
Kurt-Eckelmann-StraÃe 1
21129 Hamburg
Germany
Internet: www.eurokai.de
End of Announcement DGAP News-Service
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DGAP-IRE: EUROKAI GmbH & Co. KGaA: Interim report for the third quarter 2014
| Source: EQS Group AG