Great result

27/06/2019

Port of Frederikshavn achieved a result of 15.3 million DKK in 2018 from a turnover of 60 million DKK.
In 2021 the port will be one of the leading ports in Europe within maritime recycling.

With a strong result and with the attraction of more new, large businesses, the port faces an exciting future.

The strategy, laid out by the board in 2016 towards 2021, was a success in 2018. CEO, Mikkel Seedorff Sørensen is proud of another positive annual result – not the least due to the load of work behind it and the plans the port has for the future. He says:

It is a very satisfying development we have seen with the rental of all the hinterland areas. This proves that we chose the right strategy with the port expansion in Frederikshavn, where we budgeted with full activity from 2021. With the signed contracts we have presently, we have actually reached our goals within the strategic goals set for both volume and economy.”

Good allocation for the future
Through the later years, Port of Frederikshavn has really come across as a serious national and international player within the maritime, as well as the adjacent businesses. It is therefore a satisfied board who can look back on another good year. Chairman Bo Uggerhøj, says:

Our distinguished results in 2016, 2017 and 2018 are a good allocation for the years 2019 and 2020, where we expect lower results. The reason is that the activities on the port expansion will not be fully operational until end of 2020, since there will be a period where the companies, which have rented the areas, are in the process of preparation. We are furthermore still constructing Stage 2, which we expect to be finished by 3rd quarter 2019. We will therefore not see the full effect of the port expansion until 2021.”

We have attracted strong national and international players as new customers, while concurrently working with some exciting projects with existing customers. We are looking forward to being able to inform about more exciting activities within circular economy,” says Mikkel Seedorff Sørensen and adds:

When we are fully operational in 2021, we will be one of the largest recycling ports in Europe.”