Total consolidated revenues of  Thessaloniki Port Authority for the first half of 2024 increased by 17.3% to €48.4 million euros, from €41.2 million in the first half of 2023.

According to the announcement, all major activity areas at group level showed revenue increases: the container terminal recorded a significant revenue increase of 16.7% (to 34.3 mn). The container terminal recorded a significant increase in revenue of 16.3% (€ 34.3 million), the conventional cargo terminal by 20.7% (at € 10.9 million), and the space and passenger operations (cruise & ferry) also recorded significant increases of 11% and 108.5%, respectively (at € 2.1 million and € 0.6 million, respectively).

In terms of group performance, there was a net increase in profitability at all levels: gross profit increased by 29.2% to €22.4 million, operating profit (EBITDA) increased by 37.6% to €20.8 million, and group net profit after tax increased by 62.3% to €13.6 million.

The capital expenditure program for H1 2024 amounts to € 2.8 million and is expected to accelerate in H2 2024 with purchases of new container stevedoring machines and various cargo handling equipment, while upgrades to the port's infrastructure and equipment are underway.

Executive Chairman of the Board, Mr. Athanasios Liagos, noted: " Thessaloniki Port Authority delivered a strong performance in all its main business segments in H1 2024, with increased revenues and profits at group level. The strong start to 2024 highlights progress in achieving our targets. 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 as a whole. We remain committed to upgrading the port, having launched infrastructure and equipment projects at our facilities for the second half of this year. On behalf of the Board of Directors, I would like to extend my heartfelt thanks to all our people for their dedication, which has been instrumental in this strong performance."