APM Terminals (APMT) reported a revenue growth of 10 percent year-on-year and an ebitda of US$1.06 billion to make The Hague-based global port operator’s results for 2011 “the strongest ever,” according to CEO Kim Fejfer.
Net operating profit after tax was $649 million. Profits of $793 million in 2010 were heavily influenced by divestment gains. The profit in 2011 before gains and special items was $611 million, 24 percent higher than the previous year. The return on invested capital (ROIC) reached 13.1 percent.
This is a significant leap in profitability from 2010 where the return percentage was 10.4 percent when corrected for divestment gains and special items, said the company, part of the global shipping and energy conglomerate A.P. Moller-Maersk, in a February 28 press release.
“This shows that APM Terminals is tracking well towards our long term goal of being the best and most profitable global port operator in the world,” stated Fejfer. “We committed more than US$3 billion to infrastructure development and facility expansion in 2011 and expect to do something similar in 2012.”
In 2011, APMT added five new locations to its portfolio: Poti in Georgia, Moin in Costa Rica, Callao in Peru, Gothenburg in Sweden, and Lazaro Cardenas in Mexico. It also recently announced upcoming investments in Izmir, Turkey.
Total amount of containers handled in 2011 increased by 8 percent year-over-year to 33.5 million TEUs.
Photo: APMT
