Aponte Investment Holding: $9.5 Billion in Revenue and $359 Million in Profit in 2023
Aponte Investment Holding: $9.5 Billion in Revenue and $359 Million in Profit for 2023
The Luxembourg holding company SAS Shipping Agencies Services S.à.r.l., controlled by MSC Mediterranean Shipping Company Holding SA of Geneva, concluded the year 2023 with an increase in revenue, rising from $8.3 billion in 2022 to $9.5 billion. Meanwhile, EBITDA decreased from $926 million to $602 million, EBIT fell from $1.6 billion to $1.2 billion, and pre-tax profit dropped from $1.1 billion in 2022 to $593 million the following year. As a result, the net profit of MSC’s subsidiary, which manages investments in activities other than container shipping, amounted to $359 million as of December 31, down from $786 million twelve months earlier.
According to the information provided in the balance sheet, the acquisition of Rimorchiatori Mediterranei from Rimorchiatori Riuniti cost $1 billion and $97 million. This operation was recently complemented by the acquisition of a minority stake (15.6%) in Boluda Towage Holding, a company formed from the alliance with the Spanish Boluda Corporación Marítima (BCM) of shipowner Vicente Boluda, creating the world’s leading tugboat operator with approximately 600 tugs, surpassing the Danish Svitzer (controlled by A.P. Moller-Maersk), which has 440. SAS Shipping Agencies Services also holds other companies such as Terminal Investment Holding (70% controlled), Africa Global Logistics (formerly Bolloré Logistics Africa, acquired at the end of 2022 for $5.6 billion), and the Brazilian Log in Logistica Intermodal S.A.
Another significant deal completed in 2023 was a $2.2 billion investment made twelve months ago to acquire 50% of Medclinic, alongside Remgro Ltd of John Rupert, making it the third-largest operator in the private healthcare sector in South Africa.
Events Following the Close of the 2023 Fiscal Year
Among the events that occurred after the close of the 2023 fiscal year, SAS’s balance sheet notes the acquisition of 42% of the French freight forwarder Clasquin, a 13% alliance with the city of Hamburg in HHLA (Hamburger Hafen und Logistics) for the container terminals of Germany’s largest port, and the entry into the capital of the railway company Italo with a 50% stake for $4.4 billion.
The revenue breakdown for SAS Shipping Agencies Services highlights logistics activities at the top with $4.7 billion in 2023, followed by container terminal operations ($3.2 billion), other maritime revenues ($853 million), transport activities ($76 million), and ferry business revenues ($520 million).
Finally, the notes in the balance sheet remind us that MSC paid $157 million in July 2023, following the approval of the concordat, to acquire 49% of the ferry company Moby. Meanwhile, in February of this year, SAS purchased (and paid for) two ferries (Moby Vinci and Sharden, renamed Sirio and Auriga, respectively) on behalf of Grandi Navi Veloci, thus providing a capital increase to its controlled ferry company.
The Luxembourg holding company SAS Shipping Agencies Services S.à.r.l., controlled by MSC Mediterranean Shipping Company Holding SA of Geneva, concluded the year 2023 with an increase in revenue, rising from $8.3 billion in 2022 to $9.5 billion. Meanwhile, EBITDA decreased from $926 million to $602 million, EBIT fell from $1.6 billion to $1.2 billion, and pre-tax profit dropped from $1.1 billion in 2022 to $593 million the following year. As a result, the net profit of MSC’s subsidiary, which manages investments in activities other than container shipping, amounted to $359 million as of December 31, down from $786 million twelve months earlier.
According to the information provided in the balance sheet, the acquisition of Rimorchiatori Mediterranei from Rimorchiatori Riuniti cost $1 billion and $97 million. This operation was recently complemented by the acquisition of a minority stake (15.6%) in Boluda Towage Holding, a company formed from the alliance with the Spanish Boluda Corporación Marítima (BCM) of shipowner Vicente Boluda, creating the world’s leading tugboat operator with approximately 600 tugs, surpassing the Danish Svitzer (controlled by A.P. Moller-Maersk), which has 440. SAS Shipping Agencies Services also holds other companies such as Terminal Investment Holding (70% controlled), Africa Global Logistics (formerly Bolloré Logistics Africa, acquired at the end of 2022 for $5.6 billion), and the Brazilian Log in Logistica Intermodal S.A.
Maritime News in the Maghreb
Another significant deal completed in 2023 was a $2.2 billion investment made twelve months ago to acquire 50% of Medclinic, alongside Remgro Ltd of John Rupert, making it the third-largest operator in the private healthcare sector in South Africa.
Events Following the Close of the 2023 Fiscal Year
Events Following the Close of the…
Among the events that occurred after the close of the 2023 fiscal year, SAS’s balance sheet notes the acquisition of 42% of the French freight forwarder Clasquin, a 13% alliance with the city of Hamburg in HHLA (Hamburger Hafen und Logistics) for the container terminals of Germany’s largest port, and the entry into the capital of the railway company Italo with a 50% stake for $4.4 billion.
The revenue breakdown for SAS Shipping Agencies Services highlights logistics activities at the top with $4.7 billion in 2023, followed by container terminal operations ($3.2 billion), other maritime revenues ($853 million), transport activities ($76 million), and ferry business revenues ($520 million).
The Luxembourg holding company SAS…
The notes in the balance sheet remind us that MSC paid $157 million in July 2023, following the approval of the concordat, to acquire 49% of the ferry company Moby. Meanwhile, in February of this year, SAS purchased (and paid for) two ferries (Moby Vinci and Sharden, renamed Sirio and Auriga, respectively) on behalf of Grandi Navi Veloci, thus providing a capital increase to its controlled ferry company.
