Thessaloniki Port Authority S.A. The operator of the port in Thessaloniki as well as the intermodal multi-gateway system and logistics service supplier for the Balkans as well as the wider Southeast, Central and Eastern European region, released the final financial results of the fiscal period ending 2023.
In particular, after the approval of the Annual Financial Report from the Board of Directors (BoD) on 17.04.2024 It was announced that the consolidated income for 2023 raised to EUR85.9 millilion, up instead of EUR85.3 million for 2022.
The terminal for container ships posted significant revenue growth that exceeded 12percent (to EUR59.8 millon) The same increase was recorded within the real estate market and cruise & ferry passenger flow with 18.2 percent and 31.3 percentage and 31.3% respectively (to EUR3.9 million and EUR0.9 million in each case) The traditional cargo terminals posted the revenue drop of 21.5 percent (to EUR20.2 milliliters). The revenue from the subsidiary located that is located in Sofia was generated at a low amounts.
In terms of Group performance The Group has seen an increase in profit across every level the Gross Profits grew by 1.9 percentage, resulting in EUR37.6 millilitres Operating Profits (EBITDA) was up 3.4 percentage to EUR34.1 million, while Net Profit after tax increased by 8.9 percentage, to EUR20.3 millilitres
The Capital Expenditure (CapEx) program for 2023 was more than EUR9.2 million and was primarily involving an upgrade to the cruise Terminal “Alexander the Great” as well as the rehabilitation of the functional depths as well as repair and upgrading of docks, improvements to the power substation as well as the purchase of equipment for loading and unloading as well as ISPS security equipment.
The executive chairman of the BoD of ThPA S.A. The BoD of ThPA S.A., the Hon. Athanasios Liagkos commented: “The Implementation of the Development strategy and initiatives that are being undertaken by ThPA S.A. continuously increasing the importance of The Port of Thessaloniki in the world-wide port industry. Through continuous investment of over EUR71.3 million over the past year modernizing the infrastructure, equipment in addition to the service offered as well as the focus on ThPA’s personnel resources and staff, we have been able to increase the level of the trust of our partners by setting new benchmarks that will benefit Port of Thessaloniki.” Port of Thessaloniki. A good example is the most efficient container flow that has ever been recorded by The Port (520,048 TEU). Furthermore that year 2023, we increased our extrovertism, through active participation by ThPA S.A. participating in the national as well as international famous exhibitions as well as plans to host occasions at Thessaloniki. In the pursuit of becoming more than just a Port and having an international direction, we will be in 2024 we intend to take projects and initiatives that will ensure the highest level of satisfaction for all parties of the Port and help the larger port sector, with a focus on growth and fueled through sustainability, and investment with the sameness and effectiveness. This is why it is revealed that “JOINT Venture Metka – TEKAL S.A.” has been selected as the preferred bidder in”6th Pier, Expansion of the Port Infrastructure “6th Pier, Expanding the Port Infrastructure” that was confirmed today by ThPA S.A.’s ThPA S.A.’s Board of Directors of ThPA S.A.”
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Thessaloniki Port Authority S.A.
Tel. : +30 2310 593 104
Email: press@thpa.gr