Independent journal on economy and transport policy
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Anek Lines accusation the impact of the economic crisis of Greece
The first trimester of 2012 has been archived item with a loss after the taxes of 17,2 million euros
May 29, 2012
The shipowning group Greek Anek Lines, than work services ferry for passengers and goods in Greece (Crete, Dodecanneso, Cicladi and Aegeus Oriental) and between Greece and Italy (Ancona and Venice), has closed the first trimester of 2012 newly in the red having recorded a loss after the taxes of 17,2 million euros respect to a loss after the taxes of 3,8 million euros in the first three months last year.
In the first trimester of this year strongly the revenues are diminished (- 44.7%), than they have attested to 33,9 million euros regarding 61,4 million euros in the period January-March of 2011. In decided decrease also the costs, that they have been pairs to 41,2 million euros (- 23.9%).
The EBITDA has been negative for 9,7 million euros respect to a positive result for 2,8 million euros in the first trimester last year. The results of the first trimester of 2011 do not include the economic performances generated by the activity of joint venture between Anek and the Attica compatriot on the routes for Heraklion and Ancona, that it is activated in June last year ( on 24 May 2011).
"The uncertainty that the economy of Greece has characterized last year - has commented the Greek group - it has been intensified in the first trimester of 2012, with negative consequences for the entire economy and the field of the marine transport of passengers. The reduction of the possibilities of expense of the consumers has determined a decrease of the traffic of the passengers and the goods. The bending of the traffic, exacta with the increase of the international prices of the fuel (the average price of the first trimester of 2012 has grown of 28% about regarding the same period last year), constitutes the main factors that have had an impact on the results of the group for the first trimester of 2012. Holding in consideration the fact that the activity of the field is characterized by an important seasonality - it has emphasized Anek Lines - the results of the first trimester of 2012 are not indicatives for the entire year".
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