Port of Piraeus: New highs in revenues and profits in 2023

April 5, 2024

The Piraeus Port Authority S.A. announced its financial results for the fiscal year 2023.

+12.9% Revenue (EUR 219.8 million)

+28.8% Pre-tax profits (EUR 96.2 million)

+26.3% Profits after taxes (EUR 66.8 million)

These results represent the highest performances in the company’s history for both revenue and profitability, marking the third consecutive year of improvement.

  • Cruise sector: passengers, ship calls and homeport calls up.
  • Car handling sector experienced a higher-than-expected increase in domestic car demand with Imported car registrations rising by 31.4%.
  • Cargo handling declined by 30.0%.
  • In the coastal shipping sector, passenger and car flows increased due to the significantly improved touristic flows, with a 7.9% rise in total passenger traffic and a 3.8% in car traffic.
  • The three container terminals maintained growth.

Source: PPA S.A.