Bending of the economic performances of the Turkish terminalista enterprise Global Holding Ports



In according to trimester of this year economic results of the Turkish terminalista group Global Holding Ports (GPH) they have shown a deterioration. The period has been archived item with a net loss almost -2,0 million dollars respect to a profit clearly of 6,6 million dollars in according to trimester last year. The revenues are diminished of the -7,9% coming down to 31,5 million dollars regarding 34,2 million dollars in the period April-june of 2016. EBITDA and operating profit have recorded contractions respective of the -11,9% and the -54,0% attesting to 21,9 million and 4,5 million dollars.

In the first semester of 2017 group GPH it has totaled revenues pairs to 49,7 million dollars, with a bending of the -5,7% regarding 52,7 million dollars in the first half last year. The EBITDA is piled to 32,2 million dollars (- 7.2%) and the operating profit to 3,4 million dollars (- 53.3%). The Turkish group has closed the first six months of this year with a net loss of -6,9 million dollars respect to a profit clearly of 419 thousand dollars in the first semester of 2016.

In the first six months of this year the controlled harbour terminals from the group have enlivened a traffic of the passengers of 1,53 million people (+14.1%), a traffic of goods conventional and bulk pairs to 808 thousand tons (+7.2%) and a containerized trade pairs to 123 thousand teu (+16.7%).

GPH has announced that in the first semester of the 2017 the sun activity in the segment of the cruises has yielded revenues pairs to 18,5 million dollars, down of the -15,9% on the first half last year, and an EBITDA of 10,1 million dollars (- 25.8%), while the revenues in the commercial field have grown of +1.6% to 31,3 million dollars and relative the EBITDA has been pairs to 22,1 million dollars (+4.9%).

"If the geopolitical developments have had an impact negative on our revenues in the field of the cruises in Turkey - the managing director of GPH, Emre Sayn has explained - our commercial section in Turkey are solid and it has given good results. Our activity relatively to the fusions and acquisitions in the harbour crocieristico field continues to being important, with steps ahead completed with a series of specific acquisitions".

Between the operations of acquisition concluded at the end last year from the group figure in Italy the participation of 53.67% in the Ravenna Passenger terminal (53.67%), society that manages the terminal cruises of the port of Ravenna, the participation of 70.89% in the Cagliari Cruise Port (70.89%), society that manages the crocieristica activity of the port of Cagliari, the participation of 62.20% in the Catania Cruise Terminal (62,20), company that manages the terminal cruises of the port of Catania, and the participation of 28.50% in La Spezia Cruise Facility, society that manages the terminal cruises of the port of.

The Turkish group has announced that in the first six months of the 2017 participation new in the Italian harbour terminals they have generated revenues pairs to 802 thousand dollars. The activities in Turkey have instead produced to revenues pairs to 30,5 million dollars (- 6.6%), while foreign other asset of the group has generated revenues pairs to 3,3 million dollars in Montenegro (- 30.7%), to 5,2 million dollars to Malta (- 0.4%) and almost ten million dollars in Spain (- 1.6%).

"Our total strategy of expansion of our total presence in the crocieristici ports from the Mediterranean to the Caribbean and Asia, as specified in the initial public offer (Hypo as a result of which to May the group has made its income in the securities market of London, ndr) - it has emphasized Sayn - continues to go ahead. This will involve - it has specified the GHP managing director - a reduction of the weight of our crocieristiche activities in the Turkish ports in the within of our total activity".