On Monday, 5th of May 2007, a conference call was held by the management of Minoan Lines S.A., in order to inform analysts and investors about the financial results of the fiscal year 2007.
During the analysis of the financial results, the market shares in both domestic and international routes were discussed. Furthermore, reference was made to the measures that have been taken in order to reduce the effect of increase in fuel prices in the company's operating cost.
In relation to the recent corporate developments of Minoan Lines, the company's management referred to the significant decrease of debt level as well as the restructure of its bank debt.