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Portnet - Attica Group 2020 Results


Portnet
Covid-19 pandemic impact reflected on teh financial results of the Group
The Board of Directors of Attica Group, a subsidiary of the Marfin Investment Group (MIG), announces the Group’s financial results for the year 2020, which present consolidated revenue of Euro 290.40mln compared to Euro 405.40mln for the fiscal year 2019 (reduction of 28%).
Number of sailings were reduced, as a result of the pandemic, by 27% compared to 2019.
Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Euro 40.47mln compared to Euro 78.02mln in the fiscal year 2019 (reduction 48%).
The decrease in revenue and consequently in EBITDA, compared to the fiscal year 2019, is directly related to the COVID-19 pandemic. Notably, during the first two months of 2020 (before the COVID-19 outbreak), the Group s traffic volumes increased significantly compared to the corresponding period of the previous year, a trend that was reversed complete ....

Perifereia Notiou Aigaiou , Hong Kong , North Aegean , Perifereia Voreiou Aigaiou , Saronic Gulf , Greece General , Adriatic Sea , Oceans General , Adriatic Sea International , Equity Of The Group , Hong Kong International Convention , Board Of Directors Attica Group , Bureau Veritas , Norwegian Export Credit Guarantee Agency , Attica Group , Alpha Bank , Marfin Investment Group , Piraeus Bank , Norwegian Export Credit Insurance Organisation Eksportkreditt Norge , Superfast Ferries , Blue Star Ferries , Hellenic Seaways , Northeast Aegean , Shipping Awards , Aero Catamaran , European Ship Recycling Regulation ,

GTP Headlines Attica Group: 3 State-of-the-art Catamaran Vessels to Serve Saronic Islands


The
Attica Group, a leading coastal shipping company in Greece, has signed an agreement with the Brødrene Aa shipyard of Norway, for the construction of
three state-of-the-art Aero Catamaran vessels that will replace three of the group’s older technology vessels that serve the Saronic islands.
Budgeted at
21 million euros, the investment will be covered by own funds and bank financing. The construction of the new vessels will begin immediately after the signing of a loan agreement. Their delivery is expected to take place within the
first four months of 2022.
Boasting an ultra-modern design and innovative features, the new vessels are expected to significantly upgrade the travel experience for over 3 million passengers that travel annually on the Attica Group’s Saronic lines. ....

Attica Group , Attica Group Saronic , Marfin Investment Group , Aero Catamaran , Superfast Ferries , Blue Star Ferries , Hellenic Seaways , Africa Morocco , அட்டிகா குழு , வான ஊர்தி சட்டமரன் , சூப்பர்ஃபாஸ்ட் படகுகள் , நீலம் நட்சத்திரம் படகுகள் , ஹெலெனிக் கடல் வழிகள் ,