PPA S.A. Held annual Hellenic Fund and Asset Management Association briefing

Piraeus - April 14, 2022

The annual briefing on the company’s 2021 yearly financial results to the Hellenic Fund and Asset Management Association was held via teleconference in the presence of PPA’s CFO, Ms. Li Jin, as well as 24 analysts and representatives of investment companies.

Despite the financial impact of the pandemic, the company achieved significant annual turnover increase, recording the highest level of profitability in PPA’s history.

The continuous investments for the modernization and upgrading of the Port of Piraeus, alongside a systematic approach in the Port’s business operations has led to even stronger performance in all areas of Port activities.

More specifically, the Container Terminal, the Car Terminal and the Ship Repair business recorded significant increases, alongside the recovery of the Cruise Terminal.

The annual turnover amounted to € 154.2 million, the profit before taxes to € 49.2 million and the profit after taxes to € 36.8 million.

The proposed dividend per share amounted to € 0.63 increased by 57.5% compared to 2020 (€ 0.40).

The Company’s management continues at a rapid pace, systematically and focused, the Port activities, with the aim to turn Piraeus over time into one of the top and most efficient ports in the world and at the same time to increase the Company’s value for the interest of its shareholders.

Press release in Greek

Image by Piraeus Port Authority S.A.

Piraeus Port Authority S.A. - Press release