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Tag: Thessaloniki Port Authority S.A. | Ferry Shipping News

Apr 18
3

Thessaloniki Port Authority S.A. – FY2024 Financial Highlights

By | 2025 Newsletter week 16 | No Comments
  • Record revenues:
    • €100.7 million, up 17% from €85.9 million in 2023.
    • Growth across all segments:
      • Container Terminal: +19%
      • Conventional Cargo: +14%
      • Passenger Traffic: +54%
      • Real Estate: +7%
    • Profitability:
      • Gross profit: €47.1 million (+25%)
      • EBITDA: €42.6 million (+25%, margin: 42%)
      • Earnings before tax: €36.3 million (+37%)
      • Net profit: €28 million (+38%)
      • Earnings per share: €2.78
    • Dividend:
      • Proposed at €2.00/share, up 54% from €1.30/share
      • To be approved at AGM on 14 May 2025
    • Liquidity:
      • €123 million in cash, equivalents, and financial assets
      • Includes €76.4 million in long-term deposits
      • Up €28 million YoY
    • Capital expenditure:
      • €6.3 million in 2024
    • Outlook:
      • Master Plan approved, enabling key investments including Pier 6 expansion
Apr 19
1

Thessaloniki Port Authority S.A.: financial results for the financial year 2023

By | 2024 newsletter week 16 | No Comments
  • Consolidated revenue increased to MEUR 85,9 from MEUR 85,3 for 2022.
  • The container terminal posted a significant growth in revenue of over 12%
  • Similar growth was posted in the real estate sector and in the cruise & ferry passenger traffic by 18,2% and 31,3% respectively (to € 3,9 mil. and € 0,9 mil. respectively), while conventional cargo terminal posted a decrease in revenue by 21,5% (to € 20,2 mil.).
  • +1.9% Gross Profits
  • +3.4% EBITDA MEUR 34,1
  • +8.9% Net Profits after taxes MEUR 20,3
  • The Capital Expenditure (CapEx) plan for 2023 exceeded MEUR 9,2 and mainly involved a new Cruise Terminal “Alexander the Great”, restoration of functional depths, repair and upgrade of quays, power substation upgrades, procurement of loading and unloading equipment and ISPS security systems.

Source: https://www.thpa.gr/dt-170424-en/