FESCO Transport Group has published operational and financial (IFRS) results for 2024.
The Group’s earnings grew 8% year-on-year to 185 bn rubles ($2.2 bn), while EBITDA declined 2% to 54.5 bn rubles ($633 mn), and net profit was down 33% to 25.4 bn rubles ($295 mn).
Ned debt / EBITDA ratio was 0.5х as of December 31, 2024. Net debt decreased 2.2% to 24,3 bn rubles ($281.9 mn) while investment amounted to almost 23 bn rubles ($269 mn).
Commercial Port of Vladivostok, part of the Group, handled 879 thousand TEU, up 2% year-on-year.
International marine container traffic grew 20% to 501 thousand TEU. Cabotage shipping volume declinedc1% to 104 thousand TEU.
Intermodal transportation increased 2% to 635 thousand TEU.
Photo: FESCO