Bulk Distributor Nov/Dec 16 - Page 8

8 BULKDISTRIBUTOR Tank Containers & Tankers Volumes up for VTG tanks V TG’s tank container logistics division saw a healthy transport volume in the first half of 2016, with the number of orders rising in Europe and overseas traffic remaining stable. After a weak start to the year, year-on-year revenue edged up from €82.2 million to €83 million, a gain of 0.9 percent. Primarily due to the non-recurrence of an extraordinary result of €1.5 million from the sale of a holding in the first quarter of 2015, EBITDA was down by 12.8 percent, declining from €6.6 million to €5.8 million in line with expectations. Adjusted for this, EBITDA was up 13 percent in the first half of 2016 compared to the same period in the previous year. The gross profit-based EBITDA margin thus stood at 38.1 percent, remaining unchanged from the adjusted figure for the first half of 2015. VTG group net profit improved sharply, increasing by around 50 percent to €26.7 million (H1 2015: €18.1 million). November/December 2016 Talke takes on Praxair drivers T alke Group is taking over the 13-person workforce at the two Praxair fleet locations in the Netherlands. With immediate effect, the newly founded Talke Gas Logistics BV will be responsible for transporting liquefied and compressed cylinder industrial gases from Praxair BV in the Netherlands. Together with management and employee representatives from Praxair BV, group managing director Alfred Talke and Daniel Gutmann – general manager of Grimmener SpeziTrans & Service GmbH,