Luka Koper with ambitious plan for 2022


Luka Koper with ambitious plan for 2022

Koper, 20 December (STA) - Luka Koper, the group operating the port of Koper, has published an optimistic business plan for 2022, with both net sales revenue and transshipment expected to grow, the company said in a posting on the website of the Ljubljana Stock Exchange on Monday.

Given the current global situation and economic forecasts for 2022, the group plans a 9% rise in net sales revenue to EUR 241.51 million and a 3% rise in cargo transshipment.

Compared to the estimates for 2021, the group's EBIT is expected to increase by 16% to EUR 31.22 million and net profit by 23% EUR 32.09 million, mostly as a result of higher than planned net sales revenue and higher financial revenue.

Transshipment is to grow in all segments, including its flagship segment of containers (+3%), meaning Luka Koper will remain the leader among Adriatic ports. As the management expects car sales to increase next year, the group also expects a 4% rise in vehicle transshipment to retain the leading position in the Mediterranean.

The group's key investments will be related to projects to expand the container terminal's capacities and storage areas, the launch of construction of a new terminal for trucks, and equipment purchases. EUR 12.3 million will go for sustainable development projects, which is 18% of all planned investments.

The global economic recovery has had a positive impact on Luka Koper's business in 2021, but uncertainties are now increasing due to another surge in the pandemic.

The group expects to finish 2021 with EUR 222.3 million in net sales revenue, up 6% from 2020 and 1% more than planned.

Its net operating profit is to drop by 19% to EUR 27 million over 2020 but is to be still 5% above the plan, with net profit at EUR 26.1 million, down 18% but 7% above the plan.

Transshipment should rise by 5% to reach 20.6 million tonnes by the end of 2021, which the company said is within the plan.

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