Petros Petropoulos AEBE : Group Financial Report, A’ Semester 2023
August 09, 2023 at 10:17 am EDT
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Athens, August 9, 2023
Group Financial Report, A' Semester 2023
Group revenue was recorded at €92.76m (increase of 32%), compared to €70.24m in the 1st semester of 2022. Group EBIDTA were at €6.9m (€3.1m at 30.6.2022)
Earnings after income tax and minority rights increased by 109% to €3.53m (€1.69m at 30.6.2022).
Total bank borrowing increased to €18.73m (€9.63m at 31.12.2022). Net debt was at €7.87m (€-0.96 at 31.12.2022).
Group Solvency (Equity as a percentage of Total Assets excluding Cash and Cash Equivalents) as at 30 June 2023 was 51.3%
Summary Consolidated Profit & Loss Statement (in € 000).
1 Jan - 30 June.
2023
2022
Total Sales
92,757
70,241
Gross Profit
17,972
12,814
Other Income
1,684
1,265
Administrative, Selling & Marketing Expense
(12,991)
(11.344)
Other Expenses
(520)
(233)
Operating Profit
6,145
2,502
Net Financial Income (Expense)
(1,361)
(180)
Depreciation included in Operating Cost
759
570
Net Profit before Income Tax
4,784
2,322
Income Taxes
(1,255)
(637)
Net Profit after Income Tax
3,529
1,685
Minority Interests
0
0
Net Profit After Income Tax & Minority Interests
3,529
1,685
Earnings per Share
0.539
0.258
PETROS PETROPOULOS AEBE
Address
Telephone
Fax
Email
96-104 Iera Odos
+30 210 3499200
+30 210 3473404
contact@petropoulos.com
104 47 Athens
Summary Balance Sheet Items before Profit Distribution (in € 000)
30/06/2023
31/12/2022
Assets
Current Assets
Cash & Cash Equivalents
10,859
10,589
Accounts Receivable
23,704
24,644
Inventories
44,554
25,329
Other Receivables
6,477
7,437
Non Current Assets
Intangible Assets
4,694
4,064
Tangible Assets
14,644
13,841
Long term Accounts Receivable
460
461
Other Long Term Assets
677
574
Total
106,069
86,939
Liabilities
Short Term Bank Debt
15,226
4,750
Other Short Term Liabilities
33,925
25,355
Long Term Bank Debt
3,500
4,875
Other Long Term Liabilities
4,584
4,957
Equity
48,834
47,002
Petros Petropoulos AEBE was established in Thessaloniki in 1922. It manufactures, modifies, 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, lubricants, batteries, tires and motorcycles. The Company has a leading position in the Greek market in the sectors which it serves.
For any further information, please contact Mrs. Athina Tsiagka, tel. +30 210 3499211.
PETROS PETROPOULOS AEBE
Address
Telephone
Fax
Email
96-104 Iera Odos
+30 210 3499200
+30 210 3473404
contact@petropoulos.com
104 47 Athens
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Petros Petropoulos SA published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 14:16:04 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.