LUKA KOPER D.D. Information about the business performance in 2022
Luka Koper Group in Luka Koper, d. d.
Table of content | ||
3 | Overview of significant events in 2022 | 7 |
4 | Financial indicators | 9 |
1 Introductory note
Compliant with the Market and Financial Instrument Act, Ljubljana Stock Exchange Rules as well as Guidelines and Disclosure for Listed Companies, Luka Koper, d. d., Vojkovo nabrežje 38, 6501 Koper discloses this Non-Audited Report on the performance of Luka Koper Group and Luka Koper, d. d., January - December 2022.
In compliance with the financial calendar, the Annual Report 2022 will be published on 14 April 2023.
Performance highlights in 2022 | Information 2022 | 3 |
2 Performance highlights in 2022
2.1 Performance highlights of the Luka Koper Group in 2022
The Luka Koper Group successfully defied still difficult economic situation and concluded the business year with record business results. Total maritime throughput achieved 23.2 million tons of goods and exceeded planned quantities of 2022 by 378 thousand or by 2 percent, whilst the throughput in 2021 was exceeded by 2.4 million tons resp. by 12 percent. Higher throughput compared to planned quantities was achieved in all commodities groups, excluding general cargoes and containers, whereas in comparison with 2021, the throughput growth was recorded in all commodity groups. In 2021, 42 percent of freight was conveyed by road and 58 percent by rail. In 2022, the cargo transportation by road increased by 46 percent, the cargo transportation by rail decreased to 54 percent.
At the end of 2022, a new historic record was achieved in the containers throughput at the container terminal in the amount of 1.017.788 container units (TEU). Meanwhile, a historic milestone of a million transhipped container units (TEU) in a single year was crossed. However, the throughput of containers was slightly lower than planned by 2 percent compared to 2021. In 2022, also the Car terminal achieved a new transhipment record, since 801.036 vehicles were transhipped, which was 7 percent above the plan and 22 percent ahead of 2021. Historic milestones were achieved also at the terminals for general cargoes, dry and dry bulk cargoes and liquid cargoes. In 2022, 1.3 million tons were transhipped in the commodity group of general cargoes, which was 3 percent below plans and 16 percent ahead of 2021. The throughput of steel products was higher, which was attributable to the production in the automotive industry, white goods industry and building materials industry, and the throughput of the rubber and project resp. special loads. In 2022, 6.2 million tons of goods were transhipped in the commodity group of dry and dry bulk cargoes, which was 3 percent above the planned quantities and 12 percent ahead of 2021. The throughput of road salt, alumina and soya was also higher. In 2022, 4.6. million tons of goods in the commodity group of liquid cargoes were transhipped, which was 9 percent above the planned quantities and 39 percent ahead on the achieved throughput in 2021. The throughput of petroleum derivatives, jet fuel and chemicals increased.
In 2022, all financial indicators exceeded the achieved indicators in the previous year as well as planned indicators. Due to achieved very good business results in January - August 2022 and harsh economic trends, in September 2022, the Luka Koper Group drew up the revised business plan 2022. All comparisons in this report were drawn up on the basis of the adopted revised business plan.
2022 was marked also record high net revenue from sale of the Luka Koper Group, which amounted to EUR 313.5 million and exceeded planned revenue by 4 percent or by EUR 11 million, whereas last year results were exceeded by 37 percent or by EUR 85 million. The increased net revenue from sale was mostly attributable to the revenue from storage revenue due to longer dwell time in the warehouses, thus resulting from current situation in the global logistic market, which decreased at the end of the year, due to the gradual normalisation of the situation. In 2022, the average dwell time of full containers at the terminal was longer by 7.6 days, in 2021 the average dwell time of full containers at the terminal was 5.5 days. Higher revenue was attributable to the increase in service prices, increased volume in the throughput and additional services in all commodities groups, also due to the higher productivity.
The year 2022 was marked by the war in Ukraine, which in the beginning of the second quarter changed the geopolitical situation and affected the development of economic trends in 2022. The economic prospects in the international environment deteriorated, the uncertainty, inflationary pressures increased, the situation on energy markets tightened. The direct exposure of the Luka Koper Group towards Russia and Ukraine is otherwise low, since the throughput through the Port of Koper, destined to the markets of Ukraine and Russia, is negligible. Nevertheless, the Management Board regularly monitors the situation in the markets and respond in order to ensure the smooth business performance.
In 2022, the Luka Koper Group implemented major investments mainly in the area of the container and car terminal. These investments represent a new development cycle of these the most important strategic groups. The Group adopted final investment decisions for the period 2022 to 2027 in the total amount of EUR 430 million.
Performance highlights in 2022 | Information 2022 | 4 |
NET SALES
313.5 million EUR
+37 % 2022/2021
+4 % 2022/PLAN 2022
EARNINGS BEFORE INTEREST AND TAXES (EBIT)
83.1 million EUR
+165 % 2022/2021
+19 % 2022/PLAN 2022
RETURN ON SALES (ROS)
26.5 %
+93 % 2022/2021
+15 % 2022/PLAN 2022
MARITIME THROUGHPUT
23.2 million TON
+12 % 2022/2021
+2 % 2022/PLAN 2022
CONTAINER THROUGHPUT
1 million TEU
+2 % 2022/2021
-2% 2022/PLAN 2022
CAR TTRANSHIPMENT
801 THOUSAND UNITS
+22 % 2022/2021
+7 % 2022/PLAN 2022
EARNINGS BEFORE INTEREST AND TAXES, DEPRECIATION AND AMORTIZATION (EBITDA)
114.6 million EUR
+87 % 2022/2021
+14 % 2022/PLAN 2022
EBITDA margin
36.6 %
+37 % 2022/2021
+10 % 2022/PLAN 2022
Performance highlights in 2022 | Information 2022 | 5 |
NET PROFIT OR LOSS | RETURN ON EQUITY (ROE) |
74.2 million EUR | 15.1 % |
+133 % 2022/2021 | +116 % 2022/2021 |
+17 % 2022/PLAN 2022 | +14 % 2022/PLAN 2022 |
INVESTMENT EXPENDITURE | NET FINANCIAL DEBT/ EBITDA |
50.8 million EUR | -0.3 |
-3% 2022/2021 | -0.8 |
-28% 2022/PLAN 2022 | -0.2 |
2022/2021
2022/PLAN 2022
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Luka Koper dd published this content on 23 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2023 17:47:49 UTC.
