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Mar 25
11

Attica Holdings: Issuance Of A Long-Term Bond Loan Up To EUR 55mln

By | 2021 Newsletter week 12 | No Comments

Attica concluded an agreement with Piraeus Bank S.A. for the issuance of a five-year common bond loan of up to EUR 55mln for general business purposes, which will significantly expand the Group’s liquidity and will contribute to the acceleration of its investment planning and adaptation to a green and digital economy.

In the midst of adverse conditions caused by the pandemic, the above financing agreements represent a vote of confidence by Greek and international financial institutions to Attica Group’s sustainable investment and development prospects.

Attica concluded an agreement with Piraeus Bank S.A. for the issuance of a five-year common bond loan of up to EUR 55mln for general business purposes, which will significantly expand the Group’s liquidity and will contribute to the acceleration of its investment planning and adaptation to a green and digital economy.

In the midst of adverse conditions caused by the pandemic, the above financing agreements represent a vote of confidence by Greek and international financial institutions to Attica Group’s sustainable investment and development prospects.

Mar 11
11

New Ferry Connection From Thessaloniki To North Aegean & Cyclades By Attica Group

By | 2021 Newsletter week 10 | No Comments

On March 6, 2021 Attica Groups’ BLUE STAR MYCONOS started a new ferry service between Thessaloniki, the islands of the North Aegean (Limnos, Lesvos, Chios, Samos, Fournoi, Ikaria), the Cyclades (Mykonos, Syros) and Piraeus, following the signing of a public service contract.

That new ferry connection offers an alternative port call from Northern Greece. Ropax DIAGORAS is serving the Kavala-Lemnos-Lesvos-Chios-Samos-Ikaria line (Kavala is a port east of Thessaloniki).

Both handy size ferries are suitable for the ports of the line and offer a punctual service.

The 25-knot BLUE STAR MYCONOS can also serve the Cyclades because of her high speed.

The new ferry service fulfils a long-standing request both from passengers and transportation companies.

Nov 26
0

Attica Group Posts Q3 Results

By | 2020 Newsletter week 48 | No Comments

Consolidated revenue

  • Q3 = -30% = €113.58m
  • Q1+Q2+Q3 = -29% = €230.57m

Traffic volumes

  • Q3 = -45% passengers, -30% cars, -16% freight units, -22% sailings
  • Q1+Q2+Q3 = -51% passengers, -37% cars, -16% freight, -28% sailings

EBITDA

  • Q3 = €36.86m (57.48)
  • Q1+Q2+Q3 = €38.79m (72.98m)

EBIT

  • Q3 = €24.54m (46.22m)
  • Q1+Q2+Q3 = €3.33m (41.37m)

Consolidated Profit after taxes

  • Q3 = €12.14m (41.95m)
  • Q1+Q2+Q3 = €28.81m (30.90m)

Outlook

For the forthcoming months of 2020, which constitute months of low traffic, the Group’s traffic volume will be further affected by the evolution of the COVID-19 pandemic. Moreover, the restrictive measures recently imposed by the Greek State on the movement of citizens will decrease the Group’s traffic volume compared to the corresponding period last year.

In this constantly changing economic environment, the initial estimates of Management, as presented in the Annual Financial Report for the year 2019, for an estimated revenue drop at a range from 30% to 40% compared to the fiscal year 2019 are in line with current trading figures.

Oct 08
0

Attica Group Interested in the Port of Igoumenitsa

By | 2020 Newsletter week 41 | No Comments

Attica Group expressed serious interest in the port of Igoumenitsa, in the context of the forthcoming tender for the sale of 67% of the Igoumenitsa Port Authority S.A.

It is pointed out that Attica Group has a long-standing presence on the Adriatic Sea, especially in the Patras – Igoumenitsa – Bari and Ancona lines.

According to the information, Attica Group will declare itself “present” in the forthcoming tender, making its first step to expand the group’s activities in new business fields, such as logistics and tourism.

It is pointed out that the Italian group Grimaldi, Attica’s major rival in the Adriatic services, has also shown similar interest in the port of Igoumenitsa.

Oct 02
0

FERRY SHIPPING

By | 2020 Newsletter week 40 | No Comments

Positive EBITDA Attica Group Powered by Monitoring and Timely Decisions

  • Revenue EUR 117.00 million (EUR 164.01 million)
  • EBITDA EUR 1.94 (EUR 15.50 million)
  • The decrease in revenue and EBITDA resulted from reduced traffic volumes(*) due to the pandemic and the imposed restrictive measures.
  • Losses after taxes amounting to EUR 40.96 million (EUR 11.05 million)
  • Financial results (include fuel hedging) loss of EUR 12.51 million (profit of EUR 1.3 million)

(*) Traffic figures:

-56.0% passengers

-46.3% private vehicles

-15.6% freight units

-33.0% sailings (4,446 compared to 6,683 sailings last year).

In the context of these extraordinary and constantly changing circumstances, management monitored daily the traffic volumes data, the pandemic evolution, as well as the measures imposed by the Authorities and assessed the traffic evolution by market, vessel and route.

Based on these assessments, the management made timely decisions achieving, among others, reduced operational and general costs and adjusted vessel itineraries. These measures contained significantly the Group operating costs and achieved the best possible balance between services provided and market demand, considering the necessity to maintain the service and the connectivity of the islands and utilizing to the maximum extent the support measures for the affected companies announced by the Hellenic State.

Source: Attica Group H1, 2020
Jul 23
0

Attica Group Achieves ISO 27001:2013 Certification For Information Security Management System

By | 2020 Newsletter week 30 | No Comments

Attica Group obtained its certification according to the international standard ISO 27001: 2013 for the Information Security Management System (ISMS).

The ISO 27001: 2013 certification concerns the operation and management of the Group’s Data Center infrastructure, including servers, networking equipment, environmental control devices, storage equipment and physical access processes.

Obtaining and maintaining the aforementioned certification presupposes strict adherence to specific security policies and procedures for the protection of the Group’s information systems, equipment, confidential information it manages, including those relating to personal data.

Jul 23
0

Attica Group Publishes 11th Corporate Responsibility Report

By | 2020 Newsletter week 30 | No Comments

The Report focuses on the Stakeholders’ main issues of interest as part of the Group’s long-term commitment to operate responsibly, with reference to 85 GRI (Global Reporting Initiatives) disclosures, 235 quantitative indicators, as well as to 38 future objectives.

Some examples:

  • Attica reduced its total energy consumption and carbon dioxide emissions.
  • Distributed over €470 million in economic value:
  • Conducted internal drills on Health and Safety issues
  • Used refrigerants that do not affect the ozone layer
  • Was subjected to 45 inspections from local authorities for food hygiene and safety, with no recorded non-compliance incidents.
  • Had no violation cases concerning main principles and rules of professional behavior, corruption incidents or bribery incidents related to its employees.

The 2019 Corporate Responsibility Report is available on the Group’s website, www.attica-group.com.

Jun 25
0

Attica Group Implements Specific And Effective Infection Prevention Measures Certified By Bureau Veritas

By | 2020 Newsletter week 26 | No Comments

With the tourist season now commencing and the transportation of passengers to and from the Greek islands now permitted, Attica Group is using the new service ‘Restart your business with BV’ in cooperation with Bureau Veritas, in order to certify the quality and reliability that have established the Group as a provider of maritime passenger transport.

Introduced in May, “Restart your business with BV”, addresses biological risks, as posed by COVID-19 and other infections, providing procedures and measures to protect people. The new service includes a framework of standards, which after the completion of strict audits and certification, is validated through the new Bureau Veritas label ‘SAFEGUARD’, providing operators, crew and passengers with the confidence that dangers occurring from potential infections or pandemics are being addressed effectively.

10 vessels of Attica Group have now been certified by Bureau Veritas.

Mr. Spyros Paschalis, CEO of Attica Group commenting further said: ‘Attica Group is systematically implementing measures towards the protection of the health of its passengers and crews on board its vessels. Since the first day of the outbreak of COVID-19 we intensified and adapted our procedures accordingly, remaining always in close collaboration with the Health Authorities. During this process we became familiar with “Restart your Business with BV”. Bureau Veritas, after checking carefully our procedures and based on the standards it has established, concluded that they are being implemented correctly and proceeded to the issuance of certification for each vessel with the SAFEGUARD label, demonstrating that the services offered by Attica Group are effectively addressing health, sanitation and hygiene requirements.”