Eurokai KGAA

EUK3

Equity

ISIN DE0005706535 / Valor 331981

Deutsche Boerse AG (2026-06-04)

EUR 58.60-0.34%

Eurokai KGAA
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About company

Eurokai GmbH & Co. KGaA, headquartered in Hamburg, is a prominent player in the European container handling industry. The company, predominantly owned by the Thomas H. Eckelmann family, holds significant stakes in key subsidiaries, including an 83.3% share in Contship Italia S.p.A. and a 50% share in EUROGATE GmbH & Co. KGaA, a joint venture with BLG LOGISTICS GROUP. Eurokai's operations are primarily focused on managing container terminals across several strategic European and international ports, including locations in Italy, Germany, Cyprus, Portugal, Morocco, and Russia. In addition to its core container handling services, Eurokai offers a range of ancillary services such as intermodal transport, container repairs, depot facilities, container trade, and technical services. Since its strategic restructuring in 1999, Eurokai has functioned mainly as a financial holding company, overseeing its diverse portfolio of terminal operations and related services.

Summarized from source with an LLMView SourceSector: Consumer Services

Key financials

Revenue: EUR 130.764m (H1 2024: EUR 120.442m). EBIT: EUR 29.201m (H1 2024: EUR 23.998m). EBT: EUR 61.105m (H1 2024: EUR 42.205m). Consolidated net profit: EUR 48.885m (H1 2024: EUR 34.459m). Basic/diluted EPS: EUR 2.82 (H1 2024: EUR 1.76).

Volume development

Total handling 6,844,079 TEU in H1 2025, up 13.8% vs H1 2024 (6,015,639 TEU). Germany: 4.234m TEU (+21.3%), notably Wilhelmshaven +122.9% and Hamburg +19.3%. Italy: 860,315 TEU (+4.6%). Tangier & Limassol combined +2.7% to 1.749m TEU.

Segment performance

CONTSHIP Italia: revenues and intermodal activity up; consolidated net for CONTSHIP Italia improved to ~EUR 25.7m (H1 2024: EUR 21.8m), driven by La Spezia volumes and higher storage fees. EUROGATE: strong throughput gains and high storage/reefer revenue; EUROGATE Group half‑year profit improved markedly (EUROGATE net profit cited EUR 56.4m) — this drove Eurokai’s higher equity‑accounted investment income.

Investment income and associates

Income from equity‑accounted investments: EUR 32.325m (H1 2024: EUR 18.227m). The improvement is largely attributable to a stronger pro‑rata result from EUROGATE (approx. EUR 25.2m contribution) and better earnings at Tangier and Ravenna.

Cash flow & liquidity

Net cash from operating activities: EUR 28.751m (H1 2024: EUR 27.543m). Net cash from investing activities was positive EUR 27.791m (driven largely by received dividends of EUR 140.273m), and financing outflows were EUR 51.537m (including dividends paid to shareholders EUR 46.040m). Cash and cash equivalents at 30 June 2025: EUR 223.181m.

Balance sheet and capital structure

Total assets: EUR 970.943m. Equity: EUR 649.748m (equity ratio 67%, unchanged year‑over‑year). Notable balance sheet moves: increase in financial assets (to EUR 225.6m) due to at‑equity valuation changes and a shareholder loan to EUROGATE (~EUR 47.5m); retained earnings movements reflect dividend distribution and translation effects.

Key operational and corporate events

Gemini Cooperation (Maersk–Hapag‑Lloyd) launched 1 Feb 2025 — contributed to higher hub volumes (Wilhelmshaven, Bremerhaven, Tangier and soon Damietta). Damietta terminal (Egypt) progressing toward Q4 2025 start; major crane deliveries completed. La Spezia expansion tender awarded but subject to appeal. Rail Gate Bremerhaven KLV facility inaugurated and mini‑terminal/automation pilot approved in Wilhelmshaven.

Outlook update

Management revised prior expectations: CONTSHIP Italia now expected roughly in line with 2024 (better than earlier anticipated), and EUROGATE is performing materially better than earlier forecasts due to throughput and continued high storage/reefer revenues. As a result, consolidated 2025 earnings outlook is materially improved versus the earlier conservative view.

Summarized from source with an LLMView Source

Key figures

60.1%1Y

102%3Y

86.6%5Y

Performance

46.7%1Y

43.6%3Y

42.5%5Y

Volatility