Port of Koper container throughput down 8%

The Port of Koper (Luka Koper) Group has published its Q1 2024 results. The Group’s performance was affected by weak economic activity in the eurozone and slow growth in the global economy, with the situation in the Middle East and the disruption of Red Sea shipping routes also having an impact on the business and the logistics chain in general.

Net turnover was €79.4 million, 4% below the planned level and 1% below the net turnover achieved in Q1 2023.

The operating result (EBIT) amounted to €17.8 million, €2 million or 13% higher than planned, but 9% lower than in Q1 2023. Net profit came to €15.4 million, 9% above plan and 7% down compared to Q1 2023.

In Q1 2024, container throughput reached 256,240 TEU, down 8% year-on-year, while Ro-Ro throughput reached 189,855 units, down 18% year-on-year. The throughput of the dry bulk was 18% lower compared to the same period in 2023. In the general cargo segment, growth was 10% year-on-year, while liquid cargoes were also up by 3% year-on-year.

In line with the annual and strategic business plan adopted at the end of last year, the company continued activities to increase port capacity, spending €11.1 million, 38% more than in Q1 2023. The construction of Berth 12 at Pier 2 and the relocation of the storage blocks at the Container Terminal were also continued.

Sustainable investments reached €4.5 million, with a 3.3 MW photovoltaic power plant installed at the General Cargo warehouses, one of the largest in Slovenia.