Attica: Completion of the €21 million investment for the Argosaronic routes

By | 2022 Newsletter week 28 | No Comments

The freshly delivered AERO 3 HIGHSPEED concludes the order of three Aero Catamarans placed in January 2021, which starting from early August will be deployed in the Saronic islands offering up to 17 daily routes from Piraeus to the islands of Aegina, Agistri, Poros, Hydra, Spetses, as well as to Ermioni and Porto Heli, in replacement of existing Group capacity in the market.

Delivery of AERO 1 HIGHSPEED

By | 2022 Newsletter week 23 | No Comments

Attica took delivery of the AERO 1 HIGHSPEED catamaran, built at Brødrene Aa shipyard, Norway.

It is the first of the three Aero Catamarans ordered in January 2021, which will be deployed in the Saronic islands, in replacement of existing Group capacity in the market.

Total investment EUR 21million, covered by own funds and bank financing.

Saronic routes = 3 million pax/year

The vessel at full load has a maximum speed of 32,2 knots, total length 36 meters, width 9.7 meters and carrying capacity of 150 passengers.

Greek hospitality industry

By | 2021 Newsletter week 49 | No Comments

Attica Group expands further in the Greek tourism industry and invests in complementary activities, capitalising on the strong potential of Attica Group.

Attica Blue Hospitality S.M.S.A, a 100% subsidiary of Attica Group, acquired the owning company of Naxos Resort Beach Hotel located on Naxos, in the Agios Georgios beach, for a total consideration of Euro 6.5 million, funded through bank financing.

The hotel complex is constructed on a total surface area of 8,166.92 sqm, has capacity of 88 rooms, with the potential of additional construction of 1,300 sqm, a swimming pool, restaurants, bar, conference facilities, gym, spa and parking space. Attica Blue Hospitality will upgrade and expand the hotel facilities.

The acquisition of Naxos Resort Beach Hotel marks the beginning of Attica Group’s investment in the hospitality industry, allowing the Group to serve a wider range of its customers’ needs and to strengthen its financial position by producing direct synergies.

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.