October 2, 2020
ANEK LINES S.A. reported its 1st semester results, which were heavily affected by Covid-19:
- A rapid decline in the demand for goods and services
- Implementation of emergency measures caused restriction in transfers and, consequently, large losses in maritime transport services.
- The strict limitations and bans imposed on passenger transports from and to Italy and the islands, led to a vertical decline in traffic volumes both in Adriatic routes as well as in coastal shipping.
Main figures:
- -3% itineraries
- -53% passengers
- -52% cars
- -9% Freight
Consolidated gross profits
- -82.9% MEUR 1.5 (8.8) Group
- -97.1% MEUR 0.2 (7.0) Parent Company
The key financial figures of the period are as follows:
Turnover
- -23.6% MEUR 55.4 (72.5) Group
- -24.1% MEUR 50.2 (66.1) Parent company
EBITDA
- Losses of MEUR 2.3 (profits of MEUR 3.2) Group
- Losses of MEUR 2.4 (profits of MEUR 2.8) Parent Company
The net financial cost of the Group and the Parent Company amounted to MEUR 4.6 (MEUR 4.7)
Net Results after taxes
- Losses of MEUR 13.2 (losses of MEUR 7.9) Group
- Losses of MEUR 12.4 (losses of MEUR 7.0) Parent Company
