LUKA KOPER, d.d., Koper
Non-Audited Report for January – September 2021
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 – September 2021.
The recovery of the global economy and trade had a positive effect on the business performance of the Luka Koper Group in the first nine months of 2021. Compared to the same period of 2020, the maritime throughput registered a 6 % increase and amounted to 15,7 million tons. This resulted in higher net sales revenues, which amounted to 168,2 million EUR, a 9 % increase compared to the same period of 2020. Higher net sales revenues are attributed mostly to increased container volumes, which reached 755.980 TEUs (+ 6 %). Good performance was registered also on the car segment, with 474.022 units handled (+ 11 %). Other cargo segments also registered growth, except liquid bulk, where the strong impact of the pandemic is still being felt, and the thermal coal segment, which is decreasing due to EU legislation, anticipating a total decarbonisation in the next years.
Financial indicators of the first nine months show a positive performance in relation to the last year results and to the planned figures. EBITDA amounted to 45,6 million EUR, a 7 % increase, while the EBIT reached 23,4 million EUR (+ 8 %). Net profit amounted to 22,4 million EUR, a 3 % increase compared to the same period of 2020.
The Luka Koper Group achieved good business results despite the situation in global logistics, which is still complex and unpredictable, with ports still facing irregular arrivals of container ships. This was partly due to pandemic, which affected both production and logistic flows, while the energy crisis and the global shortage of semiconductors have contributed to the unstable production around the world. We estimate that the situation will not stabilize soon. In the last quarter of the year we expect a further recovery of the global economy, but with a more moderate growth of handled volumes, also due to the re-aggravation of the pandemic situation.