
The Piraeus Port Authority (PPA or OLP) on Wednesday announced a 28.02-percent rise in turnover over the first nine-month period of 2022, on the back of higher cruise ship arrivals, coastal shipping activity and a rise in volume at both the container port and car terminal.
Revenues reached 145.759 million euros in the period ending on Sept. 30, 2022, with 52.684 million euros posted in Q3 2022, compared with a pandemic-affected nine-month period in 2021, when revenues reached 113.850 million euros; 41.851 million euros for Q3 2021.
The increases correspond to 28.02 percent and 25.88 percent respectively.
Gross profit amounted to 83.146 million euros for the period between January and September 2022, and 31.463 million euros for the third quarter of 2022, compared to 55.781 million euros and 22.364 million euros in the corresponding periods of 2021 – an increase of 49.06 percent and 40.69 percent, respectively.
EBITDA amounted to 75.399 million euros for the first nine-month period of 2022 and 31.494 million euros for the third quarter of 2022, compared to 54.021 million euros and 22.673 million euros in the corresponding periods of 2021, an increase of 39.57 percent and 38.91 percent, respectively.
Earnings before Tax and Interest (EBIT) reached 61.726 million euros for the Jan-Sept. period, and 26.948 million euros for the third quarter of 2022, up from 40.619 million euros and 18.180 million euros in the corresponding period of 2021, an increase of 51.96 percent and 48.23 percent, respectively.
Profit after income taxes reached 47.094 million euros for the nine-month period, and 21.194 million euros for the third quarter of 2022, up from 29.099 million euros και 14.005 million euros in the corresponding periods of 2021, an increase of 61.84 percent and 51.32 percent, respectively.


Latest News

Int’l Tender for Port of Volos Cancelled
Highest bidder was Thessaloniki Port Authority, with an offer of 51 million euros

E-Transactions in Greece Up 10.7% in 2024, YOY
Mandatory installation of POS machines at practically all businesses, and by self-employed professionals takes a 'bite' out of tax evasion; 614% increase in declared revenue by carwashes

Greek-Egyptian Energy MoU Signed in Cairo at EGYPES 2025
The signing of the MoU aims to advance the two countries’ cooperation concerning Carbon capture and storage (CCS)

New Ukraine Summit in Paris Wednesday; Greek PM to Participate
Prime Minister Kyriakos Mitsotakis, addressing a European People’s Party (EPP) emergency teleconference Tuesday morning, emphasized the need for Europe to speak with one voice on defense matters.

As Greece Boosts Tax Revenue, Will Citizens See Lower Rates?
Despite innovative technologies boosting Greece's tax revenues, tax rates remain unchanged, and citizens continue to bear the burden

Greece-wide Strikes Scheduled for February 18, 19
Greece's public sector and taxi labor unions will be participating in strikes, for varied reasons, on Tuesday and Wednesday.

Experts: Earth Deformation in Santorini, Vigilance for Volcanic Activity
Inside the Santorini Caldera, seismic activity has remained stable, but an increase in ground deformation across the wider Santorini region has prompted further monitoring

PM launches political counter-offensive amidst popular unrest, charges of Tempe cover-up
Prime Minister Kyriakos Mitsotakis has launched a political counter-attack against opposition parties that have lodged charges of a government cover up of the causes of the crash

PM Mitsotakis on Santorini Quakes: Schools Closed, State on High Alert
Regarding the continuous seismic activity in Santorini Mitsotakis noted that scientists are now describing it as “an unprecedented phenomenon, with fluctuations in its intensity, making it impossible to safely predict its development at this time.”

Greece to Become Key Player in EU’s Critical Raw Materials Supply
The EU largely depends on critical raw material imports from countries outside the Union, with China, Turkey, and South Africa being the main suppliers