Thessaloniki Port Authority S.A.
AATHEX:OLTH40.00
EUR
-0.40
(-0.99%)
ISIN
GRS427003009
Return %
Stock
S&P 500
1Y
9.89
14.20
3Y
73.91
81.12
5Y
51.52
68.34
Capital Structure
EUR
•
in mil. unless spec.Working Capital
EUR
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in mil. unless spec.Growth Rates
EUR
•
in mil. unless spec.Semi-annual Revenue
EUR
•
in mil. unless spec.Semi-annual Earnings Per Share
EUR
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in mil. unless spec.Semi-annual Dividends Per Share
EUR
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in mil. unless spec.Company Description
- CEO
- Ioannis Tsaras
- Full Time Employees
- 567
- Sector
- Transportation
- Industry
- Other transportation
- Address
- Thessaloniki Greece
- IPO Date
- Jul 27, 2001
- Website
- thpa.gr
- Similar Companies
- Business
- Thessaloniki Port Authority S.A. (ThPA S.A.) is a Greece-based port management and multimodal logistics enterprise that operates, manages, and develops the Port of Thessaloniki, serving as the primary maritime gateway for Northern Greece and the broader Southeastern European hinterland. Founded in 1999 following the transformation of the state port authority into a public limited company and headquartered in Thessaloniki, Greece, the company operates primarily through five core business segments: Container Terminal Services, Conventional Cargo Terminal Services, Passenger and Cruise Operations, Port Marine and Ancillary Services, and Real Estate and Logistics Services. The company is majority-owned by South Europe Gateway Thessaloniki (SEGT) Ltd, controlled by Belterra Investments Ltd, with additional shareholdings held by the Hellenic Republic Asset Development Fund (HRADF) and public investors on the Athens Exchange (ATHEX: OLTH). ThPA S.A. provides a comprehensive portfolio of maritime, cargo-handling, and supply chain solutions. Its core service offerings include container terminal operations, encompassing container loading, unloading, storage, transshipment, refrigerated container monitoring, container freight station cargo consolidation, and container maintenance; conventional cargo terminal services, covering the handling, stevedoring, and warehousing of general cargo, dry bulk commodities including minerals, coal, grains, and fertilizers, liquid bulk products, steel products, timber, and oversized project cargo; passenger terminal facilities and ferry services connecting mainland Greece with the Northern Aegean, Cyclades, and Sporades islands; cruise ship hosting, maritime passenger reception, and excursion support services; port marine and ancillary support, comprising vessel berthing, mooring, tug assistance coordination, pilotage coordination, waste reception facilities, and ship supply provisioning; intermodal freight transport and dry port logistics, operating cross-border block train services that link the port directly to dry port facilities in Sofia, Bulgaria, Niš, Serbia, and Skopje, North Macedonia; and real estate exploitation and urban development, involving the leasing of commercial warehouses, historical quayside buildings, office spaces, open-air event venues, and passenger parking infrastructure across the port zone. In recent developments, ThPA S.A. has executed major strategic expansions and capital investment programs aimed at transforming the port into a premier multimodal logistics hub for the Balkans and the Eastern Mediterranean. The company advanced its flagship Pier 6 expansion project, involving the construction of a new 513-meter quay wall with a draft of 17.6 meters and dedicated container yard infrastructure to accommodate ultra-large container vessels of up to 24,000 TEU capacity. To increase cargo handling efficiency and reduce carbon emissions, the authority commissioned new state-of-the-art mobile harbor cranes, upgraded electric reach stackers, and modernized straddle carriers. In its intermodal logistics division, the company expanded its dry port operations and cross-border rail freight network through its Bulgarian subsidiary, ThPA Sofia EAD, and established enhanced direct rail connections to industrial nodes in Serbia and Central Europe. Additionally, ThPA S.A. launched digital modernization initiatives, deploying a cloud-based Port Community System and smart automated gate access controls to optimize terminal turnaround times, while forging new strategic cooperation agreements with international cruise lines and regional freight forwarders to expand passenger throughput and commercial logistics trade corridors.