Attica Group announced an 11% increase in turnover, more than doubling of operating profits, and more than tripling of net profits for 2023. This performance does not include the joint operation with ANEK, the absorption of which was completed some 20 days before the year expired and which is expected to be fully reflected in this year's financial year.

CONSOLIDATED TURNOVER UP 11% FROM 2022

The group’s consolidated turnover rose by 11%, reaching €588.3 million in 2023 from €530.2 million euros in the same period last year. An increase of 8.7% was recorded in the itineraries of the ships, with a corresponding increase in passenger transport, vehicles and trucks. During 2023, the Group’s fleet was further strengthened with 10 new ships, reaching 43 compared to 33 in 2022. Consolidated earnings before interest, taxes, and depreciation (EBITDA) amounted to €126.4 million, compared to profits of €57.8 million in 2022. The consolidated profits after taxes totaled 61.2 million euros in 2023, compared to 17.1 million in the fiscal year 2022. It is noted that the result of the fiscal year 2023 includes the profit from the merger with ANEK S.A., amounting to €22.8 million. The net profit margin from the recurring operation of the Group (without the result of the ANEK SA merger) amounts to 6.5%. The Group has a strong capital structure and sufficient liquidity. The group’s equity amounted to €495.7 million from 357.8 million on December 31, 2022, and corresponds to 2.04 euros per share (1.66 on December 31, 2022).

On December 31, 2023, the net borrowing of the Group in relation to the EBITDA of the last twelve months amounted to 3.8x. Cash equivalents reached 103.4 million on 31.12.2023 (87.9 million on 31.12.2022), with total investment cash outflows of €63 million in 2023. The Board of Directors is expected to propose the distribution of a dividend of 0.07 euro per share.