Port of Barcelona: Record revenues and profits in 2024 drive new wave of investment

El Port de Barcelona has consolidated its position as a leader in the Spanish port system by closing 2024 with record business figures and profits. Revenues reached €200 million, surpassing the previous record of €189 million in 2023. This increase is mainly attributed to concession and utilization fees, driven by the increase in the Container and liquid bulk traffic.

The operating result also reflected the port's good financial management, with an increase of 14%, reaching 50 million euros. Cost containment and good financial results, driven by the rising interest rate environment and dividends from participating companies, contributed to the 26% increase in net profit.

Despite the economic impact of the America Cup In the period 2022-2024, with a negative balance of 3,5 million euros, the Port of Barcelona highlights the positive legacy of the event for the city in terms of renovation of spaces and reputation.

China, the United States and Türkiye remain the main trading partners of the Port of Barcelona in containerized goods trade

The port's financial strength is reflected in the reduction of bank debt to 106 million euros and a debt-to-equity ratio of 6%. With an operating cash flow of 115 million euros and a treasury of 335 million euros, the Port of Barcelona is in a privileged position to tackle a new investment cycle.

"The economic results achieved by the Port of Barcelona in 2024 represent a significant strengthening of our financial position and allow us to face the new investment cycle that we are now beginning in very good shape, with the expectation of tendering works for more than 332,5 million euros this year," he stated. José Alberto Carbonell, president of the Port of Barcelona.

The Port of Barcelona not only stands out for its financial results, but also for its commitment to the Spanish port system. As the main contributor, it will contribute 13,2 million euros through different solidarity instruments, including 4% of the income from fees for Puertos del Estado, 4% of the cash flow for the Port Authority, and XNUMX% of the revenue from taxes for the Port Authority. Interport Solidarity Fund and 1% for the 4.0 Fund to promote innovation.

As to freight traffic, the Port of Barcelona handled 69,7 million tonnes in 2024, an increase of 8,9% compared to the previous year. All types of traffic recorded positive results, with a significant increase in container movement (18,5%) and an increase in liquid bulk traffic (6,3%) and solids (slightly higher than in 2023).

El full container traffic, a key indicator of hinterland economic activity, experienced a significant increase in transits (29,1%), driven by changes in shipping lines' routes following the crisis. Red SeaImports and exports also grew strongly, reflecting a balance in trade.

El bulk liquid traffic The output was boosted by higher chemical products, which offset a decline in natural gas due to increased pipeline imports from North Africa. Bulk solids also posted positive results, thanks to good performances in soybeans and potash.

Despite of decline in new car traffic (-13,7%), the Port of Barcelona has experienced an increase in the transport of new vehicles in containers and v-racks, mainly from China, which mitigates the decrease in car traffic.