Attica Group is the largest company in its sector in Greece, the largest in the Mediterranean, and among the ten largest in Europe. The group operates 30 modern vessels in the Eastern Mediterranean Sea and has invested over €1.8 billion in new vessels, serving 63 destinations and reaching 76 ports in Greece and Italy. Following the merger with ANEK S.A., the company focuses on further improving operational performance through integration and anticipated synergies.
Cyborg Score Rationale
Attica Holdings demonstrates solid fundamentals as a market leader in Greek passenger shipping with proven operational scale, diversified fleet operations, and strategic acquisitions. However, the company operates in a capital-intensive sector with cyclical demand dynamics and exposure to regulatory changes in maritime operations.
Top Insights
In September 2022, Attica Group acquired ANEK Lines, expanding the company's network of routes while maintaining ANEK Lines as its fourth cruise line subsidiary
Attica emphasizes innovative ship designs responding to green transition requirements while adapting to evolving passenger needs and providing high-quality services
The group is listed on the Athens Stock Exchange and is a member of the international investment holding company Marfin Investment Group (MIG)
Since 2008, Attica Group has participated in the UN Global Compact and pioneered as the first group in the sector worldwide to publish sustainability reports in accordance with GRI-G4 guidelines in 2016
Named Competitors
Hellenic Seaways — Greek island ferry operations
Blue Star Ferries — Aegean Sea domestic and regional routes
Superfast Ferries — International Greece-Italy Adriatic crossings
Recent Developments
(September 2022) Acquisition of ANEK Lines as fourth cruise line subsidiary
(April 2024) Sold 49% share in Africa Morocco Link to Stena Line
(2023-2024) Fleet modernization and operational integration of ANEK merger continues with focus on digital transformation
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