- Significant increase by 49.2% in the Group's Net Results.
- Increase by 5.6% in the Group's operating profit (EBITDA)
The Company Τhe turnover for the 9month period of 2007 was shaped at euro 155.6 million, versus euro 165.0 million in the respective previous year period (-5.7%), due to the fact that in 2007 the company operates its business with one vessel less. The Company's operating profitability (EBITDA) was increased by 5.5% reaching euro 44.5 million against euro 42.2 million of the respective previous year period. The operating margin (EBITDA margin) was increased too, shaping at 28.6% versus 25.6% of the 9month period of 2006.The net results reached euro 14.8 million against euro 11.4 million of the respective previous year period, (+28.9%). It should be noted that in the 9month 2006 net results, extraordinary profits of approximately ? 2.0 million have been recorded.
The Group At a Group level, the turnover reached euro 155.7 million versus euro 165.1 million of the respective previous year period (-5.7%). The operating profit (EBITDA) reached euro 44.5 million against euro 42.2 million of the 9month period in 2006 (+5.6%) while the net results shaped at euro 26.3 million against euro 17.6 million of the respective period of 2006 (+49.2%). The earnings per share shaped at euro 0.37 versus euro 0.25 in 2006. The improvement of the Group's net results is owing to the improvement of the net results both of Minoan Lines and the associated company Hellenic Seaways.
Hellenic Seaways Hellenic Seaways with the deployment of new ships, the successful operation in new routes and the rationalization of its itineraries has managed to improve its financial performance over the last years. The revenues from euro 144.4 million in 9month period of 2006 increased to euro 156.9 million in the respective period of the current year (+8.7%). Moreover, the net financial results have been significantly increased from euro 18.6 million in 9month 2006 to euro 34.6 million in 9month 2007 (+85.8).
Traffic Volumes In 2007 Minoan Lines operates with 4 vessels in the market of north Adriatic and 2 vessels in the domestic market. The total traffic of Minoan Lines for the 9month period in 2007, despite the Company's operation with one vessel less presented a minor changes. In particular, the Company transported 1,300,000 passengers, 237,000 cars and 115,000 trucks against 1,324,000 passengers, 242,000 cars and 121,000 trucks, of the 9month period in 2006.
North Adriatic Routes In north Adriatic routes, where Minoan Lines operated with one vessel less in relation to the previous year operations, it transported 456,000 passengers, 121,000 cars and 60,000 trucks, versus 496,000 passengers, 130,000 cars and 68,000 trucks in 2006.The corresponding market shares were shaped at 35.8% in passengers, 36.8% in cars, and 30.7% in trucks, higher than the respective share of Minoan Lines trips (30.6%).
Crete Route In Heraklion - Piraeus - route Minoan Lines increased its volumes in all traffic categories. Specifically, it transported 806,000 passengers, 109,000 cars and 53,000 trucks, against 771,000 passengers, 102,000 cars and 50,000 trucks, of the 9month in 2006.The corresponding market shares were shaped at 73.8% in passengers, 63.9% in cars, and 50.1% in trucks while the related share in trips was 47.3%.