The Container and Terminal Division includes the intermodal shipping line Eucon as well as the division’s strategically located container terminals in Dublin and in Belfast.
Revenue in the division was up 6.5% to €57.2 million (2014: €53.7 million), EBITDA increased to €5.5 million (2014: €3.7 million) while operating profit rose to €4.1 million (2014: €2.4 million).
Total containers shipped were at similar levels to the prior year at 142,200 teu (2014: 142,700 teu) due to changes in customer route configurations. Units lifted at the division’s port facilities in Dublin and Belfast rose 11.9% to 103,700 lifts (2014: 92,700 lifts) helped by the additional operations at Victoria Terminal 3 (VT3).
Following the award of the Services Concession for the operation of a combined container terminal at VT3 in Belfast Harbour, the process of consolidating our existing terminal volumes at Belfast Container Terminal into one location at VT3 is underway. We expect the process to be completed by the end of the autumn
For full interim management statement see: IRISH CONTINENTAL GROUP, plc