ANNUAL
REPORT AND
FINANCIAL
STATEMENTS
2019

LO-LO TEU
VOLUMES
GREW BY 6.5%
TO 774,000
IN 2019 FROM
726,928 IN 2018

"The most significant change during 2019 was that unitised trade with the UK declined by -0.2% while trade with Continental Europe and beyond increased by +10.7%."

LO
LO

"62.5% of the total unitised volume of 1.5m units were on shipping services with the UK. The remaining 37.5% was on services with Continental Europe (CE) and beyond"

RO
RO

RO-RO UNITS INCREASED BY 2.6% TO 1,059,103 IN 2019 FROM 1,031,897 IN 2018

IN 2019 BULK LIQUIDS GREW BY +0.9% TO 4,662,000 TONNES WHILE BULK SOLIDS DECLINED BY -23.4% TO 1,820,000 TONNES.

"The most significant change during the year was the decline of 0.6m tonnes in the Bulk Solid mode. This was driven largely by reductions in the import of animal feed and cereals and in the export of ore concentrates"

BULK

2019 Financial Highlights

Turnover
€92.7m

2.6%

2018: €90.4m

€77.7m

€81.6m

€88.5m

€90.4m

€92.7m

2015

2016

2017

2018

2019

Operating profit
€44.2m

6.7%

2018: €47.4m

€42.9m

€45.6m

€46.5m

€47.4m

€44.2m

2015

2016

2017

2018

2019

Profit after tax
€38.6m

6.9%

2018: €41.5m

€36.4m

€39.0m

€40.6m

€41.5m

€38.6m

2015

2016

2017

2018

2019

EBITBA (€m)
€54.0m

3.3%

2018: €55.8m

€49.3m

€53.6m

€53.6m

€55.8m

€54.0m

2015

2016

2017

2018

2019

Capital Expenditures
€78.1m

10.6%

2018: €87.4m

€17.0m

€44.2m

€96.2m

€87.4m

€78.1m

2015

2016

2017

2018

2019

Total Equity
€470.4m

6.8%

2018: €440.4m

€328.5m

€349.6m

€409.0m

€440.4m

€470.4m

2015

2016

2017

2018

2019

Dividends
€4.1m

66.4%

2018: €12.2m

€8.8m

€10.9m

€11.7m

€12.2m

€4.1m

2015

2016

2017

2018

2019

Chief Executive's Review


"OVERALL VOLUMES GREW BY A MODEST 0.4% TO 38.1M GROSS TONNES REPRESENTING THE FIFTH CONSECUTIVE YEAR OF RECORD LEVEL THROUGHPUT."

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