ANNUAL REPORT
2020
PORT OF RAUMA
1
FIGURES 2020
PROFIT/TRAFFIC (EUR/T)
RETURN ON INVESTMENT, %
TRAFFIC (MT)
PERSONNEL (PERSONYEARS)
LIQUIDITY (QR)
EQUITY RATIO, %
0.38
24.9
2
ANNUAL REPORT 2020
2.0
2.1
5.0
50.4
PROFIT, %
16.7
EMPLOYEES AT THE END OF THE YEAR
30
CEO'S REVIEW 2020 will not be a year easily forgotten. The COVID-19 epidemic battered the industry and port traffic throughout Finland. Unfortunately, Rauma was no exception. Exports of paper, pulp and sawn goods fell by almost 700,000 tons, and with forest industry imports dropping by almost 300,000 tons, the total decrease was nearly a million tons. Total port traffic amounted to five million tons, showing a decrease of 13.8 per cent from the previous year. In 2020, the port of Rauma handled 219,000 container units (TEU), a decrease of 16.4 per cent. The company’s turnover was 11.4 million euros, with a profit of 1.9 million euros. The decline in the company’s turnover compared to 2019 was mainly due to a strong decline in the export of forest industry products and the import of
With the vaccine roll-out, the COVID-19
raw materials. The increase in interest
epidemic is likely to be contained during
expenses resulted in a loss of -0.2
2021. This is likely to boost the economy
million euros. 2020 was the second
and also increase production, exports
year of operation for the Port of Rauma
and thus the port's traffic volumes.
subsidiary, Botnia Port Service Ltd. The
Positive changes may even happen
decrease in ship calls had a negative
rather quickly.
impact on the company's turnover, and despite enhanced efficiency and a group
Hannu Asumalahti
contribution, the company incurred
CEO
losses of approximately 15,000 euros.
PORT OF RAUMA LTD
PORT OF RAUMA
3
BOARD OF DIRECTORS
Jari Laiho
4
CHAIRMAN OF THE BOARD OF DIRECTORS
Simo Heino
Aarno Mannonen Until May 17, 2020
Seppo Toriseva
Ilse Vauhkonen
Panu Ala-Siuru As of June 1, 2020
ANNUAL REPORT 2020
INVESTMENTS In 2020, construction work on the fourth phase of the Petäjäs expansion area in the port of Rauma continued. The total value of this investment is approximately 18.5 million euros. In the spring of 2020, Metsä Fibre Oy made a decision to build a new pine sawmill in Rauma. The sawmill is currently under construction, and production is scheduled to start in 2022. The operators of the port of Rauma are preparing to handle the sawmill's products from 2022 onwards. Construction work on the west terminal, which will be used by Metsä Fibre, was scheduled to begin in autumn 2020, but an appeal against the terminal permit will postpone the start of work until 2023.
23,3 M€
16,3
In 2020, investments amounted to approximately 9.5 million euros 15,8
M€
M€
9,5 M€
6,1 M€
4,9 M€ 2,3 M€ 2014
2015
2016
2017
2018
2019
2020 PORT OF RAUMA
5
6
ANNUAL REPORT 2020
278,000 TEU
256,000 TEU 2016
2017
219,000 TEU
2015
261,000 TEU
2014
263,000 TEU
2013
263,000 TEU
278,000 TEU
During 2020, 219,000 container units (TEU) were shipped through the port of Rauma.
2018
2019
2020
TRAFFIC In 2020, the Port of Rauma handled 5.03 million tons of cargo and 219,000 container units (TEU). Port traffic decreased by 13.8 per cent and container traffic by 16.4 per cent compared to the previous year. Of total port traffic, exports accounted for 3.34 million tons (-17.6%), imports 1.46 million tons (-14.8%) and domestic traffic 0.24 million tons (-203%). The number of ship calls was 944, 134 less than in 2019. Exports of paper, pulp and sawn goods fell by almost 700,000 tons, and with forest industry imports dropping by almost 300,000 tons, the total decrease was nearly a million tons. However, there was good news for domestic traffic with the shipment of 240,000 tons of fuel oils, representing a record level.
PORT OF RAUMA
7
MARKETING Due to the coronavirus pandemic, no marketing events or trade fairs were held in 2020. Two smaller customer events were organised, one at the beginning of the year and one in the summer. Due to the exceptional circumstances, marketing was mainly carried out through newsletters, websites, social media, and printed brochures.
8
ANNUAL REPORT 2020
OCCUPATIONAL HEALTH AND SAFETY The Port of Rauma has maintained an outstanding safety record, which is reflected in the number of accident-free work days. On December 31, 2020, the company achieved a total of 2,718 consecutive accident-free days. The Finnish Vision Zero Forum acknowledged the accomplishment by granting the company a level II safety rating (Approaching the World’s Forefront).
ABSENCES DUE TO ILLNESS
ACCIDENT-FREE YEARS (22.7.2020)
ACCIDENT-FREE DAYS (31.12.2020)
CLOSE CALL SITUATIONS
SAFETY OBSERVATIONS
AVERAGE AGE
FEMALE EMPLOYEES, %
LABOUR INPUT (PERSON-YEARS)
PERMANENT WORKERS
STAFF TRAINING DAYS
STAFF TRAINING DAYS PER PERSON
10%
(T H E H I G H F I G U R E I S D U E TO T WO P E R I O D S O F LO N GT E R M S I C K L E AV E)
DEVELOPMENT IDEAS AND INITIATIVES
26
7
6
2,718
97
PERSONNEL
43
23
14.3
139
24.9
5.4
PORT OF RAUMA
9
10
ANNUAL REPORT 2020
ENVIRONMENT In 2007, the port operations were granted an environmental permit that is valid indefinitely and guides the actions of Port of Rauma Ltd, its leaseholders and the businesses operating in the port area. The process of reviewing the conditions of the environmental permit began in 2014 and took effect from the end of 2018. The Port of Rauma participates in water and fish monitoring off the coast of Rauma using methods approved by the Southwest Finland Centre for Economic Development, Transport and the Environment. In addition, the impact of the Petäjäs expansion project on waters will be monitored in accordance with a separate monitoring programme. The process of replacing the lighting in the quay and field areas with LED lights continued. In addition, the control functions of the lighting system were developed, taking into account the use of the port's quays, and the emission requirements for winter maintenance contractors’ equipment were tightened.
PORT OF RAUMA
11
PORT OF RAUMA LTD INCOME STATEMENT M€
11.3
11.9
Other operating income
0.3
0.1
Variable costs, total
1.3
1.6
Personnel expenses
1.9
1.9
Other expenses
2.4
2.6
Total expenses
5.5
6.1
OPERATING MARGIN
6.2
5.8
Depreciation
4.3
4.1
PROFIT
1.9
1.7
Financing costs
2.1
1.6
Profit before tax
-0.1
0.1
0.1
0.1
-0.2
0.1
PROFIT FOR THE PERIOD
ANNUAL REPORT 2020
2019
TURNOVER
Taxes
12
2020
PORT OF RAUMA LTD BALANCE M€
2020
2019
CAPITAL ASSETS Intangible assets
0.1
0.1
94.8
89.5
0.1
0.1
Short-term receivables
1.4
1.8
Cash and bank balance
4.2
10.7
100.5
102.1
3.0
3.0
40.8
40.8
6.4
6.3
-0.2
0.1
47.5
47,4
Tangible assets Investments CIRCULATING CAPITAL
TOTAL ASSETS EQUITY Share capital Reserve for invested non-restricted equity Retained profits (loss) Profit (loss) for the period LIABILITIES Long-term Short-term TOTAL LIABILITIES
3.1
4.6
100.5
102.1
PORT OF RAUMA
13
PORT OF RAUMA LTD Hakunintie 19 26100 Rauma, Finland
Office Tel. +358 2 837 11 office@portofrauma.com. / firstname.lastname@portofrauma.com
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