Thessaloniki Port Authority recorded consolidated revenue of €48.4 million for the first half of the year, translating to a significant 17.3% growth year-on-year.
All key business units at group level, showed revenue increase, according to the port authority:
- The container terminal posted a significant revenue increase of 16.7% to €34.3 million.
- The conventional cargo terminal grew by 20.7% to €10.9 million.
- The real estate sector increased by 11% to €2.1 million.
- The passenger traffic (cruise & ferry) skyrocketed by 108,5% to €600,000.
Regarding the performance of the Group, there was a net increase in profitability at all levels with the Greek port’s gross profit rising by 29.2% to €22.4 million, operating profit (EBITDA) increasing by 37.6% to €20.8 million and net profit after taxes growing by 62.3% to €13.6 million.
The capital expenditure plan (CapEx) for the first half of 2024 reached €2.8 million, while it is expected to be accelerated in the second half, with purchases of new container stacking equipment as well as various loading and unloading equipment, while upgrades to the Thessaloniki Port’s infrastructure and equipment are underway.
Athanasios Liagkos, Executive Chairman of the BoD of the Thessaloniki Port Authority, commented, “The dynamic start of 2024 highlights the progress in achieving our goals. Acting collectively and based on our strategic plan, we are implementing actions that strengthen the leading role of the Port of Thessaloniki in international trade, promoting connectivity, the development of the wider port community and the country. We remain committed to upgrading the Port, having launched infrastructure and equipment projects at our facilities for the second half of this year.”
