Record result

07/08/2018

The Port of Frederikshavn achieved a result of DKK 21.1 million in 2017, which is the best result since the municipality of Frederikshavn took over the port back in 2001.

The budget for 2017 was DKK 17.3 million and the result is designated by the board as very satisfying.

Chairman of the board, Bo Uggerhøj says:

Our two very distinguished results from 2016 and 2017 are a good allocation for the years 2018, 2019 and partially 2020, where we expect fairly lower results. We do not expect the activities on the port expansion to be well started until 2nd half year of 2020. We have taken over Stage 1 of the port expansion and are still constructing Stage 2, so it is an expected development we are looking into. It is expected that Stage 2 will be completed by the end of first quarter of 2019
”.

The development has been very positive since all the hinterland areas have been sold out. In connection with the decision of starting Stage 2 in the spring of 2018, the board therefore decided to establish another 170,000 m
² hinterland area in the area north of the port expansion.

It is an amazing development we have seen with the rental of all the hinterland areas, and this proves that we made the right decision with the port expansion in Frederikshavn. The board made a strategy in the fall of 2016 for the years 2017-2021, where we estimated with full activity from 2021. With the concluded contracts we have now, we have reached our goals for the strategic objectives we have set with regards to volume and economy.”, says Bo Uggerhøj.

CEO, Mikkel Seedorff Sørensen is proud of the annual result and not least the work effort behind it:
Great acknowledgment to all co-workers for being able to deliver such a good result, while concurrently being in the process of the port expansion project. We are of course jubilant that we can concentrate on optimizing the operation and implementing many new activities within the next years, to be completely ready for the activities to be well established from 2nd half year 2020
.”

The new customers are strong players, while we are simultaneously working with some exiting projects with our existing customers. Vi look forward to inform about more the exiting activities in the future,” says Mikkel Seedorff Sørensen.