Piraeus Port Full Year 2022 – A new historic record high in revenue and profitability

By | 2023 Newsletter week 12 | No Comments

PPA S.A. announced the Full Year 2022 financial results, the best ever performance achieved in both revenue and profitability.

+26.2% turnover €194.6 million

+51.7% profits before taxes €74.7 million

+43.9% profits after taxes €52.9 million

The coastal shipping business recorded an increase compared to the previous year. Total passenger traffic in 2022 showed a growth of 26% with 14,976,394 passengers compared to 11,896,187 in 2021.

Ab Eckerö reports much improved performance in 2022

By | 2023 Newsletter week 9 | No Comments

Full year 2022 (compared to the full year 2021):

  • 2,624,674 passengers, 93% increase (1,357,442).
  • 159,228 freight units, 4% decrease (165,567)
  • Turnover EUR 185.8 million, 51% increase (EUR 122.9 million)
  • Operating profit EUR 4.1 million (EUR -38.1 million)
  • Overall profit EUR -2.7 million (EUR -30.6 million)

Profits were negatively affected by the high bunker prices arising from the Ukraine War.  The Group was also affected by the cost of living crisis and the weak Swedish krona.

Note – 2021 figures included the writedown of BIRKA STOCKHOLM.