Piraeus Port sets up logistics unit. Piraeus Port stock is 11.63 percent below EUR 49.00 high
Published on 10/20/2026 at 13:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSInvestment plan expands the port
- Piraeus Port established a logistics subsidiary linked to a EUR 77.50 million project on October 19, 2026.
- First-half 2026 revenue reached EUR 111.9 million, while net profit was EUR 35.4 million.
- Piraeus Port stock was trading at EUR 43.30 at 1:22 p.m. CEST at Lang & Schwarz on October 20, 2026.
Piraeus Port (GRS470003013) is establishing a logistics subsidiary tied to a planned EUR 77.50 million center, while its stock was trading at EUR 43.30 at Lang & Schwarz on October 20, 2026 at 1:22 p.m. CEST. The company announcement dated October 19, 2026 marks a broader expansion beyond port handling.
EUR 77.50 million logistics plan
Piraeus Port Authority said the new subsidiary will focus on supply-chain services and investment projects. The logistics center is planned for an 80,000-square-meter site in the former ODDY area of Keratsini, with completion planned in about three years, according to Euro2day.
What does the logistics plan add?
The project could give Piraeus Port a second revenue channel through warehouse leasing, rather than relying only on cargo handling and other port services. The subsidiary will also be able to pursue projects in infrastructure, property, tourism, energy and technology, according to the company announcement carried by Euro2day.
Three dated company steps
On August 27, 2026, Piraeus Port shareholders approved articles changes by 99.94 percent, according to Piraeus Port Authority. On September 29, 2026, first-half revenue stood at EUR 111.9 million and net profit at EUR 35.4 million, down 8.9 percent and 24.4 percent year over year, respectively, as reported by Ground News. On October 19, 2026, the company announced the EUR 77.50 million logistics project and its new subsidiary.
What comes next for Piraeus Port?
The next dated milestone is the planned 2027 tender for converting two former warehouses into hotels, while the logistics center is expected to be completed in about three years. The investment timetable makes execution, rather than another headline figure, the central test for the expansion strategy.
Stock remains below yearly high
Piraeus Port was trading at EUR 43.30 at Lang & Schwarz on October 20, 2026 at 1:22 p.m. CEST. The quote stood below the EUR 49.00 52-week high from the same market snapshot, while the Athens-listed share had a market capitalization of EUR 1.1 billion and a 52-week low of EUR 35.40.
The further course of trading is shown by the continuously updated real-time quote of Piraeus Port stock.
Piraeus Port stock facts
- Company: Piraeus Port Authority S.A.
- ISIN: GRS470003013
- Ticker: PPA.AT
- Primary exchange: Athens
- Price Lang & Schwarz (as of October 20, 2026, 1:22 p.m. CEST): EUR 43.30
- Market capitalization: EUR 1.1 billion (as of October 20, 2026)
- 52-week range: EUR 35.40-49.00 (as of October 20, 2026)
- Sector / Industry: Industrials / Marine Port Services
Market context: Market report Euro Stoxx 50.
