Corporate Home English Select language Home About Us Safety Operations News Careers Contact us Select a Terminal Home About Us Financials About Us Company information Financials Our partners Sustainability Innovation Financials 2014 Highlights • Revenue USD $4.45 billion • Segment result after tax was a profit of USD $900 million • Return on Invested Capital of 14.7% • Invested capital of USD $5.93 billion • 38.3 million TEU throughput (based on equity share) • Container volume growth of 5% APM Terminals reported a profit of USD $900 million in 2014 supported by higher volumes throughout the portfolio, tariff improvements in growth markets and divestment gains. APM Terminals is on track to achieve the USD $1 billion profit target set for 2016. The number of containers handled by the APM Terminals Global Terminal Network (weighted APM Terminals’ equity share) grew by 5% compared with 2013. Total revenue increased by 3%. While port revenue exceeded the volume growth, inland services revenue decreased as a result of the divestment of activities in the Americas and Asia to optimize the portfolio. The result generated a return on invested capital (ROIC) of 14.7%. The underlying profit was USD $ 849 million, resulting in an underlying ROIC of 13.9%. The increased profit was supported by higher volumes throughout the portfolio, combined with tariff improvements in growth markets. The result was positively impacted by net divestment gains after tax of USD $ 232 million, and negatively affected by USD $181m impairments related to European activities, of which USD $154 million was related to joint venture companies. APM Terminals achieved a 2.1% improvement in the EBITDA-margin supported by commercial and operational efficiency drives, generating more than USD $100 million in cost savings. Several supplier contracts were retendered during the year and upgrades to the terminal operating system enabled further process efficiencies to be pursued in several of the largest terminals. Cash flow from operating activities of USD $925 million did not improve in line with operational results due to increased tax payments and slightly reduced working capital. Cash flow used for capital expenditure was more than offset by cash flow generated by divestments in 2014. The divestment of APM Terminal Virginia, USA, notably lead to a positive cash flow of USD $2 million. APM Terminals continued a high level of investment in the development of its port interests, both in the form of new projects and expansions to existing ports. Invested capital came in at USD $5.9 billion, a decrease of 4% compared with the previous year. Portfolio The USD 750m expansion project in Callao, Peru is on track and the first new container berth is scheduled to open in the 3rd Quarter of 2015, which will provide the terminal with the capacity to receive container vessels as large as 18,000 TEUs. At several other locations, expansions and upgrades are ongoing to equip terminals to handle the largest container vessels in operation. The Port of Tanjung Pelepas, Malaysia, inaugurated berths 13 and 14 during the 1st Quarter, and at Pier 400, Los Angeles, USA cranes were raised. In August, APM Terminals completed the sale of its 100% share of APM Terminals Virginia, Portsmouth, USA. The construction of Maasvlakte II, The Netherlands, has been completed and operations commenced with volumes expected to ramp up during 2015. Maasvlakte II sets new standards within the industry, in terms of automation, safety and environmental impact. Final permits were received to start construction of a new greenfield container terminal in Moin, Costa Rica. APM Terminals’ joint venture Sociedade Gestora de Terminais S.A. (Sogester), Angola, signed a 20 year concession to operate, maintain and develop the Port of Namibe, Angola, serving both container and general cargo. Maersk Group 2014 Annual Report Older reports: Maersk Group 2013 Annual Report Maersk Group 2012 Annual Report Maersk Group 2011 Annual report APM Terminals 2010 Annual Results APM Terminals 2009 Annual Results APM Terminals 2008 Annual Results APM Terminals Annual Results 2007 Copyright 2015, APM Terminals Legal Notice | Privacy Use of cookies Cookies are required for website functions and provides us with information about your use of the site. Read more about cookies