Yesterday, Luka Koper published a summary of its 2024 – 2028 Strategic Business Plan. In this overview, we bring you the main insights.
Luka Koper first noted that in the coming five-year period, Luka Koper’s mission will be to provide reliable, high-quality services in line with the guidelines of sustainable development, with the aim of becoming the first choice among the ports on the European southern transport route. This plan is based on four main points: firstly, increasing the infrastructure capacity and capability. Secondly, accelerating the introduction of the “Smart Port” concept. Thirdly, ensuring adequate staffing, and finally, taking care of sustainability aspects by reducing negative impacts on the environment and society. Luka Koper notes that the multi-purpose port model, one of the key competitive advantages of the Company, will also be maintained.
The Company’s key strategic objectives include growth in total operating revenue to EUR 413m by 2028, with an average annual growth rate of 6.6% in the 2023 – 2028 period. This would be achieved through gaining new commodity groups and customers in strategic/new markets, and by focusing the revenue structure on the higher value-added commodity groups. Also, the Group plans to increase the total throughput to 26m tonnes by 2028, with an average annual growth of 3.5% in the 2023 – 2028 period. Furthermore, it plans to achieve a throughput of 1.4m TEUs at the Container Terminal by 2028, meaning that the average annual growth should amount to 5.5% in the 2023 – 2028 period.
Luka Koper also noted that it aims at achieving an EBITDA margin of 29%, and a ROE of 9% (for the parent Company Luka Koper d.d.) in 2028. This is done to ensure long-term profitability. In order to achieve this, Luka Koper plans on investing EUR 785m over 5 years until 2028, in order to increase the port’s capacity and fluidity in order to be ready for the second railway line opening. Also, Luka Koper aims to obtain co-financing for investment projects, with a focus on the project to build an onshore electricity supply system for ships. Related to this, the Company also aims to develop the land outside the port area through a strategic partnership model.
Finally, Luka Koper aims to implement a digital transformation of key processes using new technologies, with the objectives of automation and optimization – Smart port, which will raise digital maturity by at least 1 level. This will allow the Company to achieve connectivity between all internal and external stakeholders in the logistics chain and increase cost-efficiency. The Company also aims to maintain environmental sustainability standards (EMAS) and meet sustainability reporting commitments, as well as to reduce the Company’s carbon footprint through measures aimed at improving energy efficiency and increasing the use of renewable energy sources.