Attica Group -a Greek listed shipping company- said its consolidated sales totaled 268.61 million euros in 2016, from 277.63 million in 2015 and EBITDA fell to 70.03 million euros from 80.70 million, respectively. After tax earnings totaled 20.25 million euros in 2016 from 33.18 million in the previous year. The group’s cash reverses amounted to 51.22 million euros (down form 71.56 million a year earlier, while borrowing was 255.44 million euros (down from 285.26 million a year earlier).
Attica Group signed an agreement with BMCE Bank of Africa Group, one of the largest banks in Morocco, for the exploitation of shipping lines between Morocco and Europe through a newly set-up company Africa Morocco Links (AML). The company began operations in June 2016. Attica Group operates a fleet of 12 ferries, nine of which operating in the Greek seas and three in Adriatic Sea.
Passenger traffic fell 10.2 pct last year, while vehicle traffic was up 4.3 pct and lorries were up 7.4 pct.
Read more here.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
