Group sales increased by 42.6% to €110.7m (€77.6m at 30.9.2020).
Group EBIDTA increased by 98% to €8.8m (€4.5m at 30.9.2020).
Earnings before income tax increased by 153% to €7.1m (€2.8m at 30.9.2020), while earnings after income tax and minority rights increased by 138% to €4.7m (€2.0m at 30.9.2020).
Total bank borrowing decreased by 43.3% to €14.0m (€24.7m at 31.12.2020), net debt was
also decreased by 93.3% to €0.9m, (€13.7m 31.12.2020). Cash and cash equivalents increased by 19% to €13.1m as at 30.09.2021 compared to €11.0m as at 31.12.2020.
Group Solvency (Equity as a percentage of Total Assets without Cash and Cash Equivalents) as at 30 September 2021 was 62.4%.
Summary Consolidated Profit & Loss Statement (in 000 Euro).
Jan 1- Sept 30
2021
2020
Sales
110,657
77,614
Gross Profit
19,962
14,031
Other Income
1,503
1,377
Administrative, Selling & Marketing Expenses
(12,648)
(10,989)
Other Expenses
(765)
(511)
Operating Profit /(Loss)
8,052
3,908
Net Financial Income (Expenses) and Fx Gain (Loss)
(950)
(1,102)
Depreciation included in Operating Cost
787
556
Net Profit / (Loss) Before Income Tax
7,102
2,806
Income Tax
(2,342)
(807)
Net Profit (Loss) After Income Tax
4,760
1,999
Minority Rights
0
0
Net Profit (Loss) After Income Tax & Minority Rights
4,760
1,999
Earnings per Share
0.727
0.295
PETROS PETROPOULOS AEBE
Head Office
Telephone
Telefax Line
E-mail
96-102 Iera Odos
Switchboard 210 - 3499200
Central 210 - 347 3404
ppaebe@petropoulos.com
104 47 Athens, Greece
Summary Consolidated Balance Sheet (in 000 Euro).
30/9/2021
31/12/2020
Assets
Current Assets
Cash & Securities
13,117
11,023
Accounts Receivable
23,099
26,792
Inventories
20,045
17,942
Other Receivables
3,062
4,797
Non Current Assets
Intangible Assets
2,035
311
Tangible Assets
14,203
14,486
Long Term Accounts Receivable
507
310
Other Long Term Assets
916
791
Total
76,984
76,452
Liabilities
Short Term Bank Debt
2,937
9,751
Customer Advances
19,206
13,180
Long Term Bank Debt
11,100
15,000
Other Long Term Liabilities
3,902
2,458
Net Worth
39,839
36,063
Petros Petropoulos AEBE was established in Thessaloniki in 1922. It assembles, distributes and supports a wide range of automotive products including automobiles, trucks and buses, generating sets, diesel engines, boats, outboard engines, agricultural, earthmoving and industrial equipment, batteries lubricants and tires. The Company has a leading position in the Greek market in the sectors which it serves.
For further information, please contact Mrs. Athina Tsiagka, tel: +30 210 3499211.
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Petros Petropoulos SA published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 07:11:05 UTC.
Petros Petropoulos SA is a Greece-based company engaged in the manufacture, modification, marketing, distribution, and support of vehicles, automotive machinery, industrial and agricultural equipments, batteries and any similar or related to the above equipment components. It is structured in eight business units: Truck and Bus, Agricultural Equipment, Isuzu, Engines and Boats, Industrial Equipment, Petrogen, PMS and Shell Lubricants. Petros Petropoulos SA represents and distributes the products of such companies as Lombardini, Scania, Kogel, Isuzu, Allison Transmission, Perlini, Perkins, Abbriata, Ingersoll-Rand, McCormick, Exide and Hankook, among others. It also offers technical services for its Petrogen products, through a national network of authorized technicians. It operates through a number subsidiaries, and is present in Cyprus and Bulgaria through, PI Square Holdings Ltd and Petromotor Bulgaria EOOD, respectively. In the end of 2013, it merged by absorption of Petrosys SA.
PETROS PETROPOULOS AEBE 
