LUKA KOPER, d.d., Koper
Non-Audited Report for January – June 2023
On the basis of the Rules of Ljubljana Stock Exchange and the Financial Instruments Market Act RS, Luka Koper d.d. publishes the Non-audited Report on the Performance of Luka Koper d.d. and Luka Koper Group in January – June 2023.
The Luka Koper Group closed the first half of 2023 with good results. All financial indicators were higher than planned and we recorded growth in throughput in both strategic commodity groups. At the Container Terminal, we exceeded the throughput volume registered in the same period last year by 5% with 554,949 TEUs, while at the Car Terminal we achieved a 23% growth with 451,611 vehicles handled. Net sales revenue amounted to EUR 158.9 million, up 2% or EUR 3.8 million compared to the first half of last year and 9% or EUR 13.3 million above the budget.
The increase in revenue was mainly due to higher volumes of container stuffing and stripping services and higher service prices, while storage revenue was 20% or EUR 8.5 million lower than last year due to the gradual easing of the global logistics situation and the resulting shorter dwell time of goods in warehouses. The expected lower storage revenue and the increase in costs due to inflationary pressures were also key factors affecting the EBIT, which amounted to EUR 37.6 million up to and including June, exceeding the planned amount by 87% or EUR 17.5 million. However, due to the aforementioned decrease in storage revenue and increased costs, it was 21% or EUR 10.2 million behind last year. On the expenditure side, we also recorded growth, with operating expenses for the first six months amounting to EUR 123.2 million, 3% or EUR 3.5 million below budget, but EUR 14.2 million higher than in the comparable period last year, due to higher material expenses and other costs. Net profit was EUR 32 million, 83% ahead of plan.
In 2023, major investments and projects continue to be implemented, representing a new development cycle for two of our most important strategic commodity groups. The construction of the new external truck terminal at Sermin, which is expected to be completed by the end of the year, and the relocation of the container stacks at the Container Terminal are underway. Some of the major projects of the Port of Koper are also being launched, including the construction of a new general cargo warehouse, the construction of Berth 12 at Pier 2 and activities for the construction of a new facility at the Passenger Terminal.
The Management Board