Koper, 17 April (STA) - The management and supervisory boards of Luka Koper have decided to propose that the annual general meeting of the port operator in June confirm dividend payout of EUR 2.10 gross per share to the company's shareholders.
If the shareholders endorse the proposal, Luka Koper will allocate EUR 29.4 million for dividends, the company announced in a press release on Thursday.
With the company's distributable profit at the end of 2024 amounting to EUR 45.5 million, the remaining EUR 16 million has been proposed to be allocated to other reserves.
The shareholders - the largest are the state with 51%, Slovenian Sovereign Holding with 11.13%, and the state-run KAD fund with 5% - are looking at a slightly higher dividend than last year, when it amounted to EUR 2 gross per share.
In accordance with the dividend policy adopted in 2023, the management and supervisory boards of Luka Koper propose a dividend payout of up to 50% of net profit generated. Last year, it amounted to EUR 60.3 million at the group level.
Releasing its annual report for 2024, the company said it was looking back on a successful year in every respect. They say they outperformed most financial indicators, posted a 3% growth in total throughput, and took on investments set out in their new strategic business plan.
Luka Koper posted a 6% revenue growth last. EBITDA rose by 7% to EUR 100.5 million, EBIT was up 10% to EUR 67 million and net profit rose by 7% to EUR 60.3 million.
The port operator launched its investment cycle for the period 2024-2028 last year, investing EUR 55.5 million, a third more than the year before.
This year the company expects net sales revenue of EUR 337.8 million, or 2% more than last year. EBIT is expected to be 17% lower due to planned higher operating costs, including new recruitments. Net profit is expected to be 18% lower than last year.
