APM Terminals (APMT), the port operating arm of Maersk Group, has announced a 2016 target of US$1 billion in profit after it became Maersk’s top performing business unit in 2014.
The terminal operator achieved a 14.7% return on invested capital in 2014, compared with Maersk Line’s 11.6%.
To learn how to vote for APM Terminals in Navis Inspire Awards, click here
Nils Anderson, Maersk CEO, said of APMT that it “is the highest return business,” adding the company is “quite bullish on opportunities in this exciting area.”
APMT’s full-year profit spiked to $900 million against $770 million in 2013 while underlying profit grew to $849 million from $709 million.
Revenue grew just 2.89% to $4.45 billion as a higher contribution from ports was offset by lower inland services revenue because or divestments in the Americas and Asia as part of a drive to optimise the portfolio, according to the Journal of Commerce.
Trond Westlie, Maersk’s CFO went on to say that APMTI is expected to post an underlying profit in 2015 which is similar to 2014 and will grow in line with the market.
APM Terminals operates 64 container terminals globally and has grown from 20.6 million TEU to 38.3 million TEU during the last 11 years.
(Source: Port Strategy)
