PPA S.A.: Two awards for Piraeus Port Authority contribution to the Greek Economy

Industry Leader in Port Authorities and Greek Business Champion

22 July 2024. Piraeus Port Authority S.A. received two prestigious distinctions for its significant contribution to the Greece’s economy at the “Protagonists of the Greek Economy” awards, organized by the Direction Business Network under the auspices of the Ministry of Development.

PPA S.A.  was honored with the “Industry Leader in Port Authorities” recognizing its position in the sector based on its turnover, profits before taxes and cash reserves for the fiscal year 2022. Additionally, the Company received the “Greek Business Champions” award, which is given to companies with a turnover exceeding 10 million euros and have achieved more than 20% growth in both turnover and profits before taxes during the fiscal years 2022 and 2021. The Deputy CEO of PPA S.A., Mr. Angelos Karakostas accepted the awards on behalf of the Company.

On the occasion of these important distinctions received, the CEO of PPA S.A., Mr. Su Xudong, expressed his satisfaction with the Company’s continuous and steadily upward economic trajectory, emphasizing that these results are neither coincidental nor temporary. They are the outcome of systematic work and the faithful implementation of a strategic plan aimed at establishing Piraeus as one of the top ports in the Mediterranean and Europe over time. Mr. Su Xudong also highlighted that each success of the port contributes to the country’s economy, making the achievements doubly rewarding for everyone at the Company.

The award ceremony took place on Monday, July 15th, marking the 9th consecutive year of the event.

About PPA S.A.

Piraeus Port Authority SA is an Athens Stock Exchange listed company engaged in the management and operation of Piraeus port, Greece’s largest port and one of the largest integrated harbours in Europe, providing a complete range of services. Some of the company’s activities involve cruise, coastal (ferry/passenger), container and car terminal services, as well as general cargo, ship repair, logistic and free zone services. The main shareholder of Piraeus Port Authority S.A., with a stake of 67 percent, is COSCO SHIPPING, one of the largest maritime companies in the world.

Over the last decade the company has experienced a remarkable growth in all port activities, which is still underway, largely contributing to the country’s economy, while driven by green development and increased digitalization, alongside a people-first approach and a spirit of giving back to the society.

PPA is a member of “ECO PORTS”, holds ISO 9001:2015, ISO 14001:2015, ISO 50001:2018 Certifications, is included in the Athens Stock Exchange ESG index and is one of the “Most Sustainable Companies in Greece 2024”.

For more information please visit: https://olp.gr