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 2024.

The Luka Koper Group ended the first half of 2024 with good results. Most financial indicators exceeded the set targets and despite the gradual cooling of the economy and the situation in the Red Sea, we again recorded a gradual increase in throughput in the second quarter, especially in the container segment.

The Luka Koper Group's earnings before interest and taxes (EBIT) amounted to EUR 37.3 million and exceeded the target by EUR 7.7 million or 26%, despite a slightly lower (EUR 1.6 million) net sales revenue. This was mainly due to lower operating costs on account of lower energy and material costs and lower maintenance services costs. Net sales revenue amounted to EUR 163.3 million, which is less than one percent below the target and 3% higher than in the first half of last year. In particular, container stuffing and stripping services and other additional services increased, while less revenue was recorded from warehousing fees due to faster turnaround of goods. The share of operating expenses was also slightly higher compared to the same period in 2023 due to higher labour costs (recruitment and adjustment of salaries to inflation). The net profit of EUR 32.8 million was higher than both the planned figure (up 24%) and the same period last year (up 3%), driven by a 180% increase in operating profit from financing activities of EUR 1.9 million.

In the first six months of 2024, 548,096 TEUs were handled at the Container Terminal, which is only one per cent less than in the comparable period of 2023. Although the first months were marked by delays in the maritime transport both on the links to the Far East and between ports in the Mediterranean, the situation improved significantly already in April, and we ended the second quarter with a 5% growth in turnover. However, delays in the arrival of ships and the gradual cooling of the car market were reflected in slightly lower (9%) car throughput, which amounted to 409,460 cars in the first six months. However, growth was recorded at the General Cargo Terminal (9%), where we handled more steel products, and at the Liquid Cargo Terminal (4%). In the dry bulk segment, where total cargo throughput was lower due to the gradual decline in coal, we handled more fertilisers, wheat and phosphates in the first six months. Maritime throughput totalled 11.3 million tonnes of goods.

At the beginning of 2024, the Port of Koper launched a major investment cycle, which was also defined in the company’s Strategic Business Plan 2024-2028, adopted at the end of 2023. In April, we concluded the construction of several solar power plants with a total capacity of 4.2 MW, which are located on the roofs of our warehouses. We have started construction of Berth 12 at Pier 2 and continued the relocation of the storage blocks at the Container Terminal, the pipelines at Pier 2 and the upgrading of the bunkering points. In the first six months, a total of EUR 20.7 million was invested.

The information will be published on the company's website https://www.luka-kp.si/en/ starting from August 22, 2024.