Revenue increased 11% to $3.4bn as consolidated throughput rose 8.7% to 28.3m teu.
The group invested $807m across its portfolio during the year, and expects capital expenditure to peak in 2015 at between $1.4bn and $1.7bn. By the end of 2015 the company predicts it will have 85m teu of global capacity, a 15m teu increase since 2012.
“During 2014, we opened the first phase of our new semi-automated terminal at Jebel Ali, adding 2m teu of much needed new capacity in the UAE, which gives us the ability to handle more of the new generation of mega vessels," commented group chief executive Mohammed Sharaf. "2015 is expected to be a busy year for new projects as we add approximately 8m teu of capacity including new facilities at Yarimca (Turkey), Nhava Sheva (India) and Rotterdam (Netherlands), with further additions to capacity at Jebel Ali Terminal 3 (UAE).
“We have made an encouraging start to 2015 and current trading is in line with group expectations. Whilst macro-economic conditions and geopolitical issues across some locations remain uncertain, we believe our portfolio is well positioned to deliver volume growth in line or slightly ahead of the market this year. ”
In its outlook, the company added that growth will be drive by new capacity and improved consumer confidence in the US, Middle East and India. "We anticipate stronger bottom line growth from 2016 and beyond as new developments increase their utilisation," it stated.
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