December 6, 2024
Attica Holdings S.A. announced its results for the 9-month period 2024, incorporating for the first time the business operation of ANEK LINES S.A. and its subsidiaries for the entire 9-month reporting period, following the completion of its merger by absorption on December 4, 2023.
- Revenue Growth: Group revenue increased by 27.4% to €593.4 million (2023: €465.6 million), boosted by the incorporation of ANEK Lines for the full period.
- Profitability: EBITDA decreased to €93.5 million (2023: €121.3 million), impacted by non-recurring expenses of €18.5 million related to the ANEK merger. Consolidated earnings after tax fell to €45.3 million (2023: €59.9 million).
- Traffic Volumes: Passenger numbers rose by 12.2%, private vehicles by 25.3%, and freight units by 27.4%. Total sailings increased by 7.4%.
- Investments: €145.1 million was spent on fleet renewal, environmental upgrades, digitisation, and acquisitions (HIGH SPEED 3, KISSAMOS, KYDON, hotel in Naxos), including advance payment for two E-Flexer vessels and other assets.
- Debt and Liquidity: Group debt reduced to €578.2 million (from €588.5 million at end-2023). Cash reserves fell to €42.3 million due to significant investments.
Source: Attica Group Press Releases
