Equity Brief · Industrials2026-10-27
ATTICA.AT·Industrials

Attica Holdings S.A.

I · AI Analysis

The brief

Attica Holdings runs coastal passenger ferry services across Greece and beyond, operating 37 vessels that include Ro-Pax ferries, high-speed catamarans, and Ro-Ro carriers under well-known Greek ferry brands [Yahoo Finance]. The company also owns and operates three hotels and resorts in the Greek islands [Yahoo Finance].

Attica Holdings operates passenger ferries in Greece and internationally under brands including Superfast Ferries, Blue Star Ferries, Hellenic Seaways, and Anek Lines, running a fleet of 37 vessels [Yahoo Finance]. The company also owns hotels in Greece [Yahoo Finance]. Attica recently sold a RoPax vessel for €8.3 million [Shipping Telegraph].

Attica carries significant financial stress, with razor-thin profitability, heavy debt, and a distress-zone solvency score [Sentinellis calculation].

The brief AI analysisConfidence 5/10

Sentinellis health

Significant risks

3.2/10

7.5+ strong · 4.5–7.5 moderate · under 4.5 weak

Profitability

16% of score0.0/10
Net margin+0.7%· need ≥ 1.8%, the lower third of transport & logistics in our libraryGross margin+11.8%· need ≥ 15.1%, the lower third of transport & logistics in our library

Returns on capital

16% of score0.0/10
ROIC-0.3%· need > 10%Return on equity+1.1%· need > 12%

Growth & momentum

11% of score10.0/10
Revenue growth+1.0%Operating margin trend—· no data

Balance sheet

32% of score1.7/10
Current ratio1.0x· need > 1.2xNet debt / EBITDA6.3x· need < 3.0xInterest coverage-0.1x· need > 6.0xDebt / equity1.44

Cash generation

16% of score10.0/10
Free cash flowEUR 35.7MCash vs reported profitEUR 121.7M vs EUR -33.7M

Value creation

11% of score0.0/10
ROIC vs cost of capital-4.5pp· need ROIC above WACC

Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.

Market capitalisation

EUR 325.8M

Revenue (TTM)

EUR 760.1M

Explainers

How we read these numbers

Plain-English guides · no account needed

II · Recent news

What moved

1 story · ranked by relevance

  • Company2026-10-16

    Greek Attica Group completes sale of RoPax for €8.3m - Shipping Telegraph

    Shipping Telegraph

Premium · Free with any account

Net debt at 6.3 times EBITDA is among the highest leverage ratios across publicly traded companies, leaving little cushion for revenue shocks or rising interest rates [Sentinellis calculation].

1 of 5 risks in this report

Risks

5

Opportunities

4

Red flags

4

Leadership

9

12 more findings in the full report — free with any account.

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Produced 27 Oct 2026, 11:04 UTC

Figures come from company filings and market data. The Sentinellis health score and the wording attached to it are our interpretation of those figures, not numbers the company reported.

Not investment advice and not a recommendation to buy or sell. Sentinellis holds no positions in the companies it covers, takes no payment from issuers, and has no broker referral arrangements.

How every figure and score is calculated