By PortalPortuario Editorial Staff
@PortalPortuario
The state port system of Spaincoordinated by Puertos del Estado, closed the 2023 financial year with a net turnover of 1,238 million euros, which represented an increase of 3.7% compared to the 1,193 million in 2022, according to provisional results, representing a budget execution of 101.1%, in a year in which port movement decreased 3.28%.
The result for the year before taxes reached 300 million euros, which represents an execution of 147.6% of the budget, and a drop of 3.6% compared to 2022. This result allows ports to maintain their economic self-sufficiency. , to be able to undertake their investment plans, as well as their operating expenses.
The utilization rates, which include among others the tax on merchandise, the ship and the passenger, and which represent the largest item of income, reached 608 million, the occupancy rate, 316 million euros, which represents an increase 6% compared to the previous year and the activity rate, 142 million euros, +4.9%.
Regarding operating expenses, the main concepts include amortization of fixed assets (435 million), personnel expenses (299 million) and external services (307 million).
In relation to the operating EBITDA, it stood at 626 million euros at the end of the 2023 financial year, which represents a decrease of 2.9% compared to the 644 million in 2022, and being 16.7% higher than the 536 millions budgeted.
Regarding the assets of the port system, a drop in non-current assets of 107 million euros is observed, standing at 12,699 million at the end of the 2023 financial year, and current assets stood at 224 million. Total long- and short-term debt amounts to 1,157 million euros at the end of 2023, a reduction of 107 million compared to the previous year.
Regarding the annual profitability in aggregate terms, for the purposes of applying corrective coefficients to ship, passenger and merchandise rates, it has risen to 2.58%, falling slightly compared to that of fiscal year 2022, but It remains above the annual profitability objective established at 2.5% for the port system as a whole.
