04.03.2024 By: Patricia Büeler
Artikel Nummer: 48646
ICTSI's financial discipline pays off
In FY/2023, International Container Terminal Services, Inc. (ICTSI) reported a net income of USD 511.53 million, a 17% decline from the previous year, primarily due to non-cash impairment charges. However, excluding these charges, the recurring net income rose by 7% to USD 676.83 million.
The company's throughput increased by 4% to 12.75 million teu, and revenues grew by 6% to USD 2.39 billion. Ebitda also saw a 7% uptick, reaching a record high of USD 1.51 billion.
ICTSI's performance was attributed to its diversified portfolio, operating strategy, and financial discipline. Despite a complex geopolitical backdrop, the company anticipates opportunities for growth in 2024, with plans to invest in new and existing terminals. (pb)