The 2023 financial year closed with a net profit of 1.69 million euros and with operating revenues that remained above 50 million euros (53.70 million compared to 52.33 million in 2022), despite the persistence of a global scenario characterized by threats and uncertainties, from the continuation of the Russian-Ukrainian conflict to the outbreak of the war in Palestine, which is impacting, among other things, the choice of shipping companies regarding the routes on which to move goods from the Far East to Europe, with the strong reduction in the number of ships transiting the Suez Canal since the last months of 2023.

The Company reacted to the inflationary push determined by the surge in energy costs suffered in 2022 thanks to the tariff adjustments that allowed it to recover at least in part the heavy increase in the costs of purchasing goods and services. On the other hand, in the current period of contraction of combined traffic, it has decided to invest in the technological upgrade of its handling vehicles with the "Industry 4.0 project", aimed at optimizing the operational management of handling activities, with the aim of increasing its internal efficiency and the level of service offered to customers. In exchange for these investments, the Company has benefited from an investment contribution from the State, usable in three financial years through the tax credit mechanism.

In addition to the "Industry 4.0 project", the Company continued to implement the additional investments approved in 2022, equal to 9 self-propelled cranes, which benefit from a contribution from the former MIMS (now the Ministry of Infrastructure and Transport) equal to 48.53% of the purchase cost of the vehicles, 5 of which were delivered in the last quarter of 2023 and the additional 4 of which are expected during 2024.

At an organizational level, the expansion of the Company's workforce continued (+27 FTE compared to the previous year), in particular through the stabilization of resources that during 2022 operated with supply contracts.

In 2023, the activities to expand the catalog of services offered to customers were completed, with particular attention to customs services ancillary to the management of maritime traffic in the Verona Quadrante Europa terminal, which was added to the 4 plants in Marzaglia, Segrate, Bari and Bologna where these services were activated already in 2022 upon obtaining the AEO (Authorised Economic Operator) qualification.

The increase in operating revenue (+3%) compared to 2022 and an EBITDA/operating revenue ratio that stands above 10% (10.94%) represent elements that demonstrate the development objectives set as the basis of the 2023 activity and destined to create value and demand in the years to come.