Port of Grenaa can once again present a strong annual result - and for no less than the sixth consecutive year with record revenue. In 2024, the port's net revenue reached DKK 88.37 million compared to DKK 79.89 million in 2023, and the profit after tax for the year was DKK 17 million compared to DKK 11.9 million in 2023. This is also the ninth consecutive year of revenue growth.
"When we again this year deliver a record turnover, it is clear proof that our strategy and our daily efforts are working - and that the Port of Grenaa is an important and attractive player in both a local and international context," says Bent Hansen, Chairman of the Board at Port of Grenaa.
"We have a solid foundation, a healthy core business and, not least, the ability to attract and deliver large projects. This resonates in the market," he adds.
High activity and new investments
2024 has been characterized by high activity in all the port's core segments. The termination of a major contract with an international wind operator also led to an extraordinary operating income, which contributed to the strong result.
Henrik Carstensen, CEO of Port of Grenaa, also points to important strategic steps taken during the year:
"This year we have received our largest investment in equipment ever - the Mantsinen 300 DEMG super crane, the largest of its kind in Denmark and an important step towards more sustainable port operations. At the same time, we have maintained our ambitions within ESG, ISO and green power, and we are working towards re-certification in 2025."
World-class customer satisfaction
In the fall of 2024, the Port of Grenaa conducted a comprehensive customer satisfaction survey, which showed very high loyalty and great satisfaction among customers. A result that Henrik Carstensen sees as an important indicator of the port's competitiveness:
"I'm especially pleased that flexibility is highlighted by customers - it's something we really care about and consider part of our DNA."
Need for expansion and future potentials
Despite the strong result, both management and the board of directors point to the need for increased capacity and area if the Port of Grenaa is to meet future demand - especially from the energy sector and in relation to storage and handling of CO₂.
"We need more space. Without new areas, it will be difficult to exploit the many potentials we see - including offshore wind and green energy," Bent Hansen emphasizes. "We are pleased that Norddjurs Municipality is now working on a concrete action plan, and we hope that this will soon lead to the necessary development opportunities outside the existing port area."
Collaboration and partnerships in focus
In 2024, the Port of Grenaa entered into a partnership agreement with Hallands Hamnar in Sweden on the Kattegat Port Alliance - a strategic collaboration to strengthen growth, sustainable development and efficient logistics across the Kattegat.
The partnership is based on shared ambitions to attract international players and create better connections between Scandinavia and the rest of Europe. The collaboration focuses on knowledge exchange, joint marketing and coordination of capacity, especially in relation to offshore energy, green fuels and project cargo.
"With Kattegat Port Alliance, we want to position ourselves as a strong, green and flexible alternative to the major ports in the Øresund region. We believe that cooperation - not competition - is the way to sustainable growth," says Henrik Carstensen.
The agreement marks an important step towards developing the Port of Grenaa as an international hub port with a particular strength in green transition and energy infrastructure.
Optimism despite consolidation on the horizon
Although 2025 may be a year of consolidation and possible pause in the growth curve, optimism is high.
"We are well positioned and our 2030 strategy is under development. We have the foundation, the team and the relationships to build on the strong results - also in the years to come," Bent Hansen concludes.
