Superfast Ferries steadily first in traffic volume and profits in the Greece-Italy routes - High growth in turnover for Blue Star Ferries

The Board of Directors of Attica Enterprises wishes to announce the financial results for the year 2000, which show consolidated turnover of GrD 67.3 bln, Earnings before Interest and Depreciation (EBITDA) of GrD 14.7 bln, and Net Profit of GrD 5.9 bln.

The Group’s annual accounts include for the first time the financial results of Strintzis Lines in which Attica holds a controlling share of 48.57%. In accordance to Law 2874/00, additional depreciation charges of GrD 4.2 bln which derive from the Stock Exchange valuation of Attica’s participation in Strintzis Lines as at the end of year 2000, have been charged to this year’s income statement and have reduced Net Profit accordingly. Additional depreciation charges are not included in the abovementioned EBITDA figure.

It should also be noted that due to the sharp rise in oil prices, fuel cost has affected the Group’s results by GrD 6.2 bln.

In particular, the Group’s results, carryings and market shares achieved in financial year 2000 are as follows:

a) Attica’s wholly owned subsidiary Superfast Ferries Maritime S.A. posted sales of GrD 33.4 bln, higher by 12.8% compared to the previous fiscal year and Net Profit of GrD 8.8 bln, increased by 2.8% over 1999. 2000’s results for Superfast Ferries were achieved with the same number of ships as in 1999.

Superfast Ferries ranked first for the third consecutive year in the transportation of passengers and commercial vehicles competing among 45 ships operating in the Adriatic trade between Greece and Italy.

Superfast Ferries Traffic 2000 +/- vs 1999 Market share*
Passengers 647,643 +21.2% 25.9%
Trucks 105,566 + 2.1% 25.0%
Private vehicles 122,702 +14.1% 21.8%