Financial highlights for 2023 Q2 YTD

Year-to-Date Q2 2023 revenue is lower than last year due to drop in general cargo volumes in line with market dynamics

• 2023 YTD Q2 revenue is 10% lower than last year. General cargo reduced by 30% compared to last year Q2 due to shift of aluminum to container and no steel volumes from SULB (one of our customers), while container and marine revenue remained in line with Q2 last year
  
  
• Operating profit decreased by 20% vs. last year Q2 after adjusting one-off reversals and 34% decline before the adjustment, mainly driven by drop in revenue. Proactive cost control measures have been implemented which helped to reduce cost by 7% (after adjusting one offs). These measures include renegotiating key contracts, optimizing resource deployment and driving efficiency in repair costs.