PPA S.A.: Basic Financial Results and Developments for the Third Quarter 2024 – New Record levels of Revenue and Profits

By 1 November 20242024 Newsletter week 44
November 1, 2024

The Piraeus Port Authority (PPA S.A.) announced record financial results for Q3 2024, showcasing significant growth in revenue and profits. Key highlights include a 6.2% year-to-date increase in revenue to €174.9 million, a 5.6% rise in gross profit to €104.9 million, and a 6.6% increase in net income to €70.2 million compared to Q3 2023. The strong performance was driven by growth in the cruise, container, and car terminal sectors, effective cost management, and higher storage service charges. Shareholders’ equity grew by 10.4%, and the debt-to-equity ratio improved, indicating strengthened financial stability

Full details on the PPA website