In its annual review, Greek based Attica Group confirmed it had successfully completed its first full year since its merger with ANEK.
This merger positioned the company among the world’s largest passenger and freight ferry operators, the company claimed.
Following the merger, Attica Group now operates a fleet of 42 vessels under the Superfast Ferries, Blue Star Ferries, Hellenic Seaways, and ANEK Lines brands.
The fleet includes:
*27 conventional ropaxes.
*13 high-speed ferries.
*Two ro-ro freight vessels.
The 2024 results highlighted substantial revenue growth, continued investment in fleet renewal and digital transformation, as well as a strategic expansion into complementary sectors, the company said.
Attica Group reported a 27% increase in revenue last year, reaching €747.8 mill (compared to €588.3 mill in 2023), driven primarily by the integration of ANEK.
EBITDA came in at €96.3 mill, or €101.5 mill, including fuel hedging impact (€126.4 mill in 2023).
Despite strong financial performance, net profits amounted to €17.5 mill. Profits were significantly impacted by one-off merger-related costs (€28.2 mill) associated with the ANEK integration, Attica explained.
A total of €162 mill was allocated for fleet expansion, digitalisation, and sustainability initiatives last year.
Attica also outlined the key transactions that took place last year, which included:
• Acquisition of new E-Flexers, under long-term charter with an option to purchase.
• Purchase of ‘Highspeed 3’ (formerly ‘Thunder’), ‘Kissamos’, and ‘Kydon’, expanding the high-speed and ropax fleet.
• Sale of ‘Kriti II’ for recycling in line with European and Greek environmental regulations.
Last year, the group’s transport volumes increased significantly across all segments:
• 7.29 mill pax (+12.3% over 2023).
• 1.3 mill private vehicles (+25%).
• 530,000 freight units (+26.2%).
• 18,185 sailings (+6.3%).
Growth was seen in both the Greek domestic network (Cyclades, Dodecanese, Crete, North Aegean, Saronic, and Sporades) and international routes connecting Greece and Italy (Ancona, Bari, and Venice).
Attica Group also continued to invest in sustainable growth, thus:
• Green transition: Installation of scrubbers and energy-efficient systems to optimise fleet operations..
• Digital transformation: Enhancing customer experience and operational efficiency.
• Hospitality expansion: Acquisition of a second hotel complex in Naxos (€14 mill investment), to reinforce the group’s presence in the tourism sector.
Looking ahead, Attica said it aimed to further capitalise on the synergies from the ANEK integration, optimise fleet operations, and strengthen its competitive edge through sustainability and digitalisation initiatives.
