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On the 30.04.2018, the Board of Directors of ThPA S.A. approved the financial statements of the period 01.01.2017 to 31.12.2017 according to which:

  • The Company’s turnover for 2017 amounts to € 54,231,941 compared to € 48,061,529 in 2016, which corresponds to a 12.84% increase in sales. More specifically: the sales of the Container Terminal increased by 15.66% (€ 35,395,034 compared to € 30,602,483 in 2016), the sales of the Conventional Port increased by 8.36% (€ 16,936,831 compared to € 15,629,672 in 2016), the revenue from Rented Facilities increased by 8.01% (€ 1,690,208 compared to € 1,564,914 in 2016) and the Passenger Port traffic sales decreased by 20.64% (€ 209,868 compared to € 264,461 in 2016).
  • In 2017, there was a 16.74% increase of container throughput, the container traffic reached 401,947 TEUs, compared to 344,316 TEUs in 2016.
  • as the number of throughput totaled compared to 344,316 in 2016. The increase in transit throughput was 19.73% and in Greek exports in containers was 14.46%.
  • The total conventional cargo throughput amounted to 3,598,371 tons in 2017, compared to 3.312.527 in 2016 (8.63% increase).
  • In the same period, the number of vessels that called the Port of Thessaloniki increased by 12.28% as 1,417 vessels called in 2017 compared to 1,262 in 2016. Out of them, 523 were container vessels, compared to 440 in 2016 (i.e. 18.86% increase); 726 were conventional cargo vessels, compared to 674 in 2016 (i.e. 7.72% increase); and 168 were passenger vessels compared to 148 in 2016 (i.e. 13.51% increase).
  • Cash and cash equivalents and other financial products amount to € 90,324,984 compared to € 75,566,103 in 2016, i.e. a 19.53% increase.
  • In 2017, the depreciation expenses increased by 94.18%, compared to 2016 due to the revaluation of the useful life of mechanical equipment, as provided by the International Financial Reporting Standards.
  • The gross profit was € 21,809,468 compared to € 22,171.088 in 2016, i.e. a 1.63% decrease and as a percentage of turnover, it amounts to 40.22%.
  • In 2017, the Company incurred impairment of assets amounting to € 2,318,919.38, in accordance with IAS 36, since there were indications that their book value exceeded their recoverable amount. The impairment loss is recognized in the income statement. In addition, in 2017, the Company formed a provision of 3,526,110.96 to cover the potential risk of non-recovery of the tax and customs dues imposed by the Customs Authority B’ of Thessaloniki. Moreover, the Company made additional miscellaneous provisions of € 1,310,411.32, reflecting third parties’ claims.

The results for the year 2017 are as follows:

  • The operating profits (EBITDA) are € 18,849,985, compared to € 23,877,735 in 2016, i.e. a decrease of 21.06% and as a percentage of turnover it amounts to 34.76%.
  • The earnings before tax amounts to € 12.474.042, compared to € 21.081.797 in 2016, i.e. a 40.83% decrease and as a percentage of turnover it amounts to 23.00%, while the earnings after tax amount to € 7,242,955 compared to € 14.084.474 in 2016, i.e. a 48.57% decrease and as a percentage of turnover it amounts to 13.36%.

Statement of Chairman of the BoD and CEO of Thessaloniki Port Authority SA

On the occasion of the announcement of the financial results, the Chairman of the BoD and CEO of ThPA SA, Sotirios Theofanis, stated: «ThPA SA has great financial and growth potential, that should be properly exploited. The new Management Team with a strong sense of responsibility is willing to work with vision; plan; and commitment for the Company's growth and to respond to the trust of the shareholders and the economic community of Northern Greece as well.

In the context of this effort, the financial statements reflect realistically the financial position of the Company. We will continue in the same way, our committed effort on the Company's growth.

Thessaloniki Port Authority SA announces the financial calendar for the year 2018 in accordance with articles 4.1.2  and  4.1.4.3.1 of the Athens Exchange Rulebook:

  • Publication of the annual financial statements of THPA  SA, for the corporate use 2017, Monday 30 April 2018. Data and information & Annual Financial Report for the fiscal year 2017 will be released at the Company’s website (www.thpa.gr) as well as at the website of the Athens Exchange (www.athexgroup.gr).
  • Presentation of the company's financial results to analysts Wednesday 16 May 2018.
  • Annual General Shareholders Meeting Friday 22 June 2018.
  • Ex-dividend date Monday 16 July 2018.
  • Dividend beneficiaries "Record date" Tuesday 17 July 2018.
  • The dividend payment will start on Friday 20 July 2018.
  • The company will issue a newer announcement on the dividend payment procedure.

THPA SA reserves the right  to change the above dates, following relevant notification to the public.

Thessaloniki Port Authority SA announces that the new Board of Directors of ThPA SA was constituted into a body, on Friday 23rd of March 2018, after the payment of 231.926 million euros and the completion of the transfer of 67% of the company's share capital to “South Europe Gateway Thessaloniki (SEGT) Ltd”.

Mr. Sotiriοs Theofanis, the coordinator of DIEP GmbH - Terminal Link SAS - Belterra Investments Ltd, was appointed as Chairman of the Board of Directors and Chief Executive Officer of ThPA SA, and the Managing Director of Terminal Link SAS, Mr. Boris Wenzel was appointed as Deputy Chairman of the Board of Directors.

The composition of the new Board of Directors of ThPA SA is as follows:

  1. Sotirios Theofanis, Chairman of the Board of Directors and Chief Executive Officer (CEO) of ThPA SA, executive member
  2. Boris Wenzel, Deputy Chairman of the Board of Directors of ThPA SA, non-executive member
  3. Arthur Davidyan, non-executive member
  4. Angelos Vlachos, non-executive member
  5. Alexander-Wilhelm von Mellenthin, non-executive member
  6. Panagiotis Alevras, independent non-executive member
  7. Gabriel Ioannou, non-executive member
  8. Panagiotis Michalopoulos, independent non-executive member
  9. Yong YU, independent non-executive member

The three-member Audit Committee consists of:

  1. Angelos Vlachos, non-executive member
  2. Panagiotis Alevras, independent non-executive member
  3. Panagiotis Michalopoulos, independent non-executive member

Thessaloniki Port Authority SA announces that the new Board of Directors of ThPA SA was constituted into a body, on Friday 23rd of March 2018, after the payment of 231,926 million euros and the completion of the transfer of 67% of the company's share capital to “South Europe Gateway Thessaloniki (SEGT) Ltd”.

Mr. Sotiriοs Theofanis, the coordinator of DIEP GmbH - Terminal Link SAS - Belterra Investments Ltd, was appointed as Chairman and Chief Executive Officer of ThPA SA BoD’s, and the Managing Director of Terminal Link SAS, Mr. Boris Wenzel was appointed as Deputy Chairman of the Board of Directors.

The composition of the new Board of Directors of ThPA SA is as follows:

  1. Sotirios Theofanis, Chairman and Chief Executive Officer of ThPA SA BoD’s, executive member
  2. Boris Wenzel, Deputy Chairman of the ThPA SA BoD’s, non-executive member
  3. Arthur Davidyan, non-executive member
  4. Angelos Vlachos, independent non-executive member
  5. Alexander-Wilhelm von Mellenthin, non-executive member
  6. Panagiotis Alevras, independent non-executive member
  7. Gabriel Ioannou, non-executive member
  8. Panagiotis Michalopoulos, independent non-executive member
  9. Yong YU, non-executive member

Thessaloniki Port Authority S.A. announces that on February 15, 2018, in the Athens Stock Exchange, took place, the continuing the 25.01.2018 Extraordinary General Meeting of the company’s shareholders, the adjourned session of the above meeting for the discussion of the fourteenth item "Election of the Board of Directors members”.

At the above meeting, 13 shareholders representing 7.612.129 shares, i.e. 75,5191% of the company’s paid-up share capital where legally present attending either in person or by proxy. Following the lawful voting and pursuant to article 7 par. 1 of the Company's Articles of Association, as amended by the decisions of the Extraordinary General Meeting of the Shareholders of ThPA SA on 25.01.2018, nine (9) members of the Board of Directors were elected (without substitute members), with a 5-year term, which are:

  • Vlachos Angelos,
  • Kardaras Panagiotis,
  • Karoulis Konstantinos,
  • Makris Dimitrios,
  • Mellios Kostantinos,
  • Mpikas Dimitrios,
  • Routos Dimitrios,
  • Tsiapakidis Konstantinos,
  • Christoyiannis Konstantinos,

In addition the adjourned meeting of the Extraordinary General Meeting of 15 February 2018, set according to law 3016/2002, as independent non-executive members of the Board of Directors:

  • Routos Dimitrios
  • Karoulis Konstantinos
  • Tsiapakidis Konstantinos

The voting results on the 14th item were as follows:       

Number of shares for valid votes given 7.612.109 (75,5170% of the share capital with voting rights), out of which:

  • For: 7.581.094
  • Against: 31.015
  • Abstain: 20

The new Board of Directors of the ThPA SA which was elected in the adjourned Extraordinary General Meeting of the company’s shareholders on 15.02.2018, during its meeting on 16.02.2018 was constituted in a body as follows:

  1. Constantinos Mellios, Chairman of BoD, non-executive member
  2. Dimitrios Makris, Chief Executive Officer (CEO), executive member
  3. Dimitrios Routos Deputy President of BoD, independent non-executive member
  4. Angelos Vlachos, non-executive member
  5. Konstantinos Christoyiannis, non-executive member
  6. Panagiotis Kardaras, non-executive member
  7. Dimitrios Mpikas, non-executive member
  8. Konstantinos Tsiapakidis, independent non-executive member
  9. Konstantinos Karoulis, independent non-executive member

At the meeting of 16.02.2018, in accordance with article 12 of the Company's Articles of Association, the Board of Directors decided to set up an Audit Committee with the following members of the Board of Directors:

1) Dimitrios Routos, independent non-executive member

2) Angelos Vlachos, non-executive member

3) Konstantinos Karoulis, independent non-executive member