The Thessaloniki Port Authority (ThPA S.A) has announced its fiscal year 2024 results, conveying a 17 per cent group revenue increase.
Strong operational performance drove record revenues and volumes, despite a challenging environment marked by geopolitical instability, conflicts, and supply chain disruptions.
The port delivered record-breaking performance in 2024 across nearly all core sectors, achieving all-time highs in revenue, profit, throughput, and volumes.
Container Terminal throughput rose to 566,000 TEUs, up 46,000 TEUs (9 per cent) year-over-year (YoY), while Conventional Cargo volumes reached 3.2 million tonnes, a 250,000-tonne (9 per cent) increase from 2023.
READ: ThPA S.A. releases 2023 financial results
Group revenue surged to €100.7 million ($114.5 million), a €14.8 million ($16.8 million) increase from €85.9 million ($97 million) the previous year.
Growth was broad-based, with revenue gains across all main segments: Container Terminal (+€11.5 million/$13 million, +19 per cent), Conventional Cargo (+€2.9 million/$3.2 million, +14 per cent).
These results were driven by strong volume growth and improved operational efficiency across key services.
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The Executive Chairman of the BoD of ThPA S.A., Athanasios Liagkos, stated: “2024 was another record year for ThPA S.A., confirming the consistent implementation of our long-term business and investment plan to strengthen the Port of Thessaloniki’s role in Southeastern Europe.
“The recent approval of the Master Plan marks a key milestone, enabling major investments like the expansion of Pier 6, which will boost the port’s international standing, create jobs, and generate broad economic and social benefits.”
In September 2024, ThPA S.A. revealed its financial results for the first half of 2024, showing a growth increase of 17.3 per cent.
