THE PROGRESS OF THE PORT OF LAVRIO ORGANIZATION IN 2024
2024 is characterized as a landmark year for the Lavrio Port Organization S.A. (ALL S.A.) in terms of financial results, but also the planned developments for the future of the company.
FINANCIAL RESULTS
In 2024, OLL SA achieved record revenues since its establishment, reaching the amount of €6.752.987, showing an increase of 4,3% compared to 2023 and exceeding the approved budget targets by 11,8%.
It is noted that these performances do not include any type of subsidy from state or European bodies.
Accordingly, the financial result (income-expenses) of OLL SA amounted to €2.602.589, increased by 37,7% compared to 2023 and by 17,7% compared to the approved budget.
This result essentially ranks OLL SA in first place in terms of profitability among the state ports of Greece.
The Organization's liquidity is also exceptional, which results in OLL SA being able to immediately repay all its obligations to third parties, as well as distributing an increased (quantitative and percentage) dividend to its Shareholders.
It is worth noting that in recent years, OLL SA has collected approximately €12.000.000 more than the invoices issued, recovering old debts to the Organization.
PRIVATIZATION PROCESS
In 2024, the privatization process of the majority of the Company's shares began with a relevant tender, which was announced by the Shareholder (HRADF).
Eight corporate groups and consortia participated in this process and six consortia have already qualified for the second round of submitting binding offers.
All participating schemes are distinguished by their size and reliability, which obviously appreciated the strategic position, the capabilities, and the excellent course of OLL SA.
In addition to the obvious benefits of privatization for OLL SA, the completion of the process is expected to trigger further economic development in the wider region.
The submission of binding offers is expected to be completed within March 2025.
IMPORTANT EVENTS (2024)
CRUISE
In 2024, OLL SA showed an increase in all activities (Coastal Shipping, Cruise, Ro-Ro international voyages, Pleasure Boats, Commercial Sector, etc.), but the rapid growth of Cruise should be noted.
More specifically, OLL SA, focusing on homeporting, served 2024 cruise ship calls in 102, making it the second port in Greece, after Piraeus, in ship calls as a cruise departure and arrival port.
Already for 2025, more than 140 cruise ship calls have been planned, starting and ending at the port of Lavrio.
environment
In 2024, the first photovoltaic plant of OLL SA was put into operation, which - depending on the season - can cover up to 20% of the energy required for the operation of the port.
Already, in collaboration with the Shareholder, additional solutions are being studied to improve the environmental footprint of OLL SA.
At the same time, OLL SA, as coordinator of a consortium, in which the ports of Corfu, Kavala and Rafina participate, as well as HEDNO, HRADF and Meletites, secured funding of €9.800.000 from the European CEF 2 Program.
This funding will be directed to the ports participating in the consortium and HEDNO to promote the projects. cold IRONING.
It is noted that the obligation to adapt ports and the existence of COLD IRONING infrastructure expires in 2030.
OLL SA has already disbursed €3.000.000 on behalf of the consortium.
INFRASTRUCTURE
In 2024, the tender procedures for the improvement of the infrastructure of OLL SA began. The tenders concern the supply and installation of floating breakwaters and jetties, in order to multiply and protect the mooring positions for tourist boats, as well as the improvement of the infrastructure of the three ISPS areas in the Land Zone of the Port.
At the same time, the new digital platform began operating in 2024. Birth Allocation, through which Cruise and Commercial Sector ships are managed.
Given the excellent progress of OLL SA, the management of the Organization must thank the Political Leadership of the Hellenic Maritime and Ports Administration and in particular the General Secretariat of Shipping & Ports and its Services for their unwavering assistance.
He also owes thanks to the Shareholder (HRADF), the members of the Organization's Board of Directors, the members of the Port Users' Council, the leadership and executives of the Lavrio Port Authority and the Lavrio Customs for the impeccable and effective cooperation.
However, more thanks are due to the few employees of OLLAE, who, with their daily hard work, not only ensure the robust course of the Organization but also contributed effectively and rapidly to the preparation of the ongoing privatization process.
