Attica Group has successfully completed its first full year following the merger with ANEK, marking a transformative period that has positioned the company among the world’s largest passenger and freight ferry operators. The results for 2024 highlight substantial revenue growth, continued investment in fleet renewal and digital transformation, as well as a strategic expansion into complementary sectors.
Financial Highlights
- Revenue Surge: Attica Group recorded a 27% increase in revenue, reaching €747.8 million (compared to €588.3 million in 2023), driven primarily by the integration of ANEK.
- EBITDA Performance: EBITDA stood at €96.3 million, or €101.5 million including fuel hedging impact (€126.4 million in 2023).
- Net Profit: Despite strong financial performance, net profits amounted to €17.5 million, significantly impacted by one-off merger-related costs (€28.2 million) associated with the ANEK integration.
- Major Investments: A total of €162 million was allocated for fleet expansion, digitalisation, and sustainability initiatives.
Fleet and Operational Expansion
Following the merger, Attica Group now operates a fleet of 42 vessels under the Superfast Ferries, Blue Star Ferries, Hellenic Seaways, and ANEK Lines brands. This includes:
- 27 conventional RoPax vessels
- 13 high-speed ferries
- 2 RoRo freight vessels
Key transactions in 2024 include:
- Acquisition of new E-Flexer vessels, under long-term charter with an option to purchase.
- Purchase of Highspeed 3 (formerly THUNDER), KISSAMOS, and KYDON, expanding the high-speed and RoPax fleet.
- Sale of KRITI II for recycling in line with European and Greek environmental regulations.
Traffic Growth & Market Position
The group’s transportation volumes increased significantly across all segments:
- 29 million passengers (+12.3% vs. 2023)
- 3 million private vehicles (+25%)
- 530,000 freight units (+26.2%)
- 18,185 sailings (+6.3%)
This growth was evident in both the Greek domestic network (Cyclades, Dodecanese, Crete, North Aegean, Saronic, and Sporades) and international routes connecting Greece and Italy (Ancona, Bari, and Venice).
Investing in the Future
Attica Group continues to drive sustainable growth through investment in:
- Green transition: Installation of scrubbers and energy-efficient systems to optimise fleet operations.
- Digital transformation: Enhancing customer experience and operational efficiency.
- Hospitality expansion: Acquisition of a second hotel complex in Naxos (€14 million investment), reinforcing the group’s presence in the tourism sector.
Looking ahead, Attica Group aims to further capitalise on the synergies from the ANEK integration, optimise fleet operations, and strengthen its competitive edge through sustainability and digitalisation initiatives.
The full financial statements for 2024 are available on the websites of the Athens Stock Exchange (www.athexgroup.gr) and Attica Group (www.attica-group.com).
