Port of Rauma Annual Report 2019

ANNUAL REPORT

2019

PORT OF RAUMA

1

FIGURES 2019

PROFIT/TRAFFIC (EUR/T)

0.30

LIQUIDITY (QR)

3.1

2

ANNUAL REPORT 2019

RETURN ON INVESTMENT, %

TRAFFIC (MT)

1.9

PROFIT, %

14.9

5.83

EQUITY RATIO, %

49.8

EMPLOYEES AT THE END OF THE YEAR

30

CEO'S REVIEW In 2019, the Port of Rauma handled 5.83 million tonnes of cargo and 261,000 container units (TEU). Total traffic was at the same level as in 2018, and the decline in container traffic was less than 1%. Of total port traffic, exports accounted for 4.06 million tonnes (-2.1%), imports for 1.7 million tonnes (+5.8%) and domestic traffic for 0.08 million tonnes. The number of ship calls was 1,087, which was 71 less than in 2018.

The company implemented an ope­rational efficiency programme, which resulted in a reduction in the number of managers, a reorganisation of duties, and the transfer of port and vessel services to a new subsidiary (Botnia Port Service Ltd) in June 2019.

The prospects for port traffic in 2020 are exceptionally difficult to assess. The

The expansion of the port fields at

industrial action in the forest industry in

Ulko-Petäjäs continued with phase 2

early 2020 led to a significant drop in

and phase 3 dredging and backfilling

cargo volumes as early as in February

works. The project proceeded according

2020, and the coronavirus pandemic,

to plan and commissioning took place

which originated in China, is likely to

in October 2019. The dredging and

cause a large drop in export industry

backfilling works of phase 4 also

production and thus reduce our cargo

commenced at Petäjäs in October. The

volumes and overall profit. We estimate

cost estimate for the project is 18.5

that traffic volumes and the results of

million euros. The project is planned for

the Port of Rauma in 2020 will be clearly

completion in 2021.

lower than in 2019.

The company’s turnover was 11.9 million

Hannu Asumalahti

euros, its operating margin was 5.8

CEO

million euros, and its profit was 1.7 million

PORT OF RAUMA LTD

euros. Profit amounted to 0.1 million euros after appropriations and taxes.

PORT OF RAUMA

3

BOARD OF DIRECTORS

Aarno Mannonen

Jari Laiho CHAIRMAN OF THE BOARD OF DIRECTORS

Seppo Toriseva

4

ANNUAL REPORT 2019

Ilse Vauhkonen

Simo Heino

INVESTMENTS In 2019, phases 2 and 3 of the expansion of the new fields in Petäjäs were completed, and the next phase in the major investment programme began as the expansion of the Petäjäs 4 area was launched. The total value of this investment is approximately 18.5 million euros. Other investments in the port were very small, mainly relating to the renovation of quays and railways.

In 2019, approximately 15.8 million euros were invested in the projects (6.1 M€ in 2018).

In 2019, approximately 15.8 million euros were invested in the projects.

23,3 M€

16,3

15,8

M€

6,1 M€

4,9 M€

2 M€ 2013

M€

2,3 M€ 2014

2015

2016

2017

2018

2019 PORT OF RAUMA

5

2013

6

ANNUAL REPORT 2019

2014

2015

2016

2017

2018

261 000 TEU

263 000 TEU

278 000 TEU

256 000 TEU

263 000 TEU

278 000 TEU

259 000 TEU

During the year 2019, 261,000 container units (TEU) were shipped through the Port of Rauma.

2019

TRAFFIC In 2019, the overall traffic at the Port of Rauma remained at the same level as in the previous year. The total tonnage of cargo traffic was 5.83 million tonnes. 261,000 container units (TEU) were shipped through the port, and the weight of containerised cargo totalled 2.1 million tonnes. Of total port traffic, exports accounted for 4.06 million tonnes, imports for 1.7 million tonnes and domestic traffic for 0.08 million tonnes.

The export of pulp, sawn timber, parcelled goods and grains showed a positive growth. In import traffic, significant growth was seen in raw wood and parcelled goods. The most significant drops were in paper and kaolin exports and in the imports of pulp and oil products.

In 2019, the Port of Rauma welcomed new large vessels which entered the port through the recently deepened 12-metre fairway. A total of 1,087 vessels called at the port in 2019, and their total capacity was 4.8 million net tonnes.

PORT OF RAUMA

7

MARKETING HIGHLIGHTS 2019 21–23 May 2019 BreakBulk Europe The Port of Rauma and Euroports Rauma Oy shared a stand at the Breakbulk Europe trade fair in Bremen.

Breakbulk Europe is the world's largest event for the project cargo and breakbulk industry. Over 600 exhibitors and nearly 10,000 visitors attended the fair.

4–7 June 2019 Transport Logistic The Port of Rauma and Euroports Rauma Oy also shared a stand at the Transport Logistic trade fair. Transport Logistic is the largest logistics fair in the world. 2,374 exhibitors from 63 countries and approximately 64,000 visitors attended the event. The Port of Rauma’s and Euroports’ stand also attracted a lot of visitors.

8

ANNUAL REPORT 2019

OCCUPATIONAL SAFETY AND HEALTH The Port of Rauma has maintained an outstanding safety level, which is reflected in the number of accident-free work days.

On December 31, 2019, the last day of the year, the company reached a total of 2,352 consecutive accident-free days.

SICK LEAVES

ACCIDENT-FREE YEARS (22.7.2019)

DAYS / PERSON

6

ACCIDENT-FREE DAYS (31.12.2019)

DEVELOPMENT IDEAS AND INITIATIVES

CLOSE CALL SITUATIONS

SAFETY OBSERVATIONS

AVERAGE AGE

FEMALE EMPLOYEES, %

LABOUR INPUT (PERSON-YEARS)

PERMANENT WORKERS

STAFF TRAINING DAYS

STAFF TRAINING DAYS PER PERSON

10

23

4

2,352

46

PERSONNEL

43

23

21

117

24.3

4.8

PORT OF RAUMA

9

10

ANNUAL REPORT 2019

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 inspection process for the environmental permit’s permit requirements begun in 2014 and obtained legal validity in 2018.

The Port of Rauma participates in water and fish monitoring in the sea area off the coast of Rauma using methods approved by the ELY Centre for Southwest Finland. In addition, the impact of the Petäjäs expansion projects 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. Energy efficiency was also improved by adding a new temperature control system in the port office.

PORT OF RAUMA

11

PORT OF RAUMA LTD

12

ANNUAL REPORT 2019

INCOME STATEMENT M€

2019

2018

TURNOVER

11.6

11.8

Other operating income

0.1

0.1

Variable costs, total

1.8

1.4

Personnel expenses

1.5

1.9

Other expenses

2.6

2.3

Total expenses

5.9

5.6

OPERATING MARGIN

5.8

6.2

Depreciation

4.1

3.9

PROFIT

1.7

2.3

Financing costs

1.6

1.5

Profit before tax

0.1

0.8

Appropriations

0.1

0.3

Taxes

0.0

0.1

PROFIT FOR THE PERIOD

0.0

0.4

PORT OF RAUMA LTD BALANCE M€

2019

2018

Intangible assets

0.1

0.1

Tangible assets

89.5

81.0

Investments

0.2

0.1

Short-term receivables

1.7

1.5

Cash and bank balance

10.6

3.0

TOTAL ASSETS

102.1

85.7

Share capital

3.0

3.0

Reserve for invested non-restricted equity

40.8

40.8

Retained profits (loss)

4.8

4.4

Profit (loss) for the period

0.0

0.4

Depreciation difference

1.9

1.9

Long-term

47.4

32.3

Short-term

4.0

2.9

TOTAL LIABILITIES

102.1

85.7

CAPITAL ASSETS

CIRCULATING CAPITAL

EQUITY

LIABILITIES

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

www.portofrauma.com fb.com/raumansatama twitter.com/portofrauma linkedin.com/company/rauman-satama