EUROKAI (EUK3) Q1 2026 earnings summary

Executive summary

• Container terminal handling volumes rose 8.9% year-over-year to 3.54 million TEUs in Q1 2026.

• Both CONTSHIP Italia and EUROGATE segments exceeded earnings expectations due to higher volumes and storage charges.

• Preference share price increased to EUR 58.00 at March 2026, up from EUR 37.20 a year earlier.

Financial highlights

• German terminals saw a 12.7% year-over-year increase in handling volumes to 2.26 million TEUs.

• Italian terminals handled 421,324 TEUs, up 7.8% year-over-year.

• Cyprus volumes grew 16.2%, while Morocco declined 3.8%.

• Earnings in both CONTSHIP Italia and EUROGATE segments significantly exceeded forecasts.

Outlook and guidance

• Consolidated earnings for 2026 now expected to be only slightly below 2025, better than previously forecast.

• Storage charges anticipated to normalize later in the year.

• Forecast uncertainty heightened due to Near East crisis, with potential impacts on costs and volumes.

• Partnership agreements with APM Terminals and CMA Terminals could boost future earnings, but impacts not yet included in forecasts.