Petros Petropoulos AEBE : Group Financial Report, Third Quarter 2022
November 08, 2022 at 10:34 am EST
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Athens, November 8, 2022
Group Financial Report, Third Quarter 2022
Exceptional performance of the third quarter in 2022 resulted in an increase of sales by 19.4% to €43.34m (compared to €36.33m third quarter 2021). Earnings after income tax and minority rights increased by 56.0% to €3.17m (compared to €2.03m third quarter 2021).
Group revenue for the period 01.01.2022 to 30.09.2022 was recorded at €113.58m (increased by 2,6%), compared to €110.65m at 30.09.2021.
Earnings after income tax and minority rights increased by 2% to €4.85m (€4.77m on 30.9.2021).
Total bank borrowing decreased by 21.5% to €11.00m (€14.02m on 30.09.2021). Net debt also decreased to €0.8m (€0.92m on 30.09.2021).
Group Solvency (Equity as a percentage of Total Assets excluding Cash and Cash Equivalents) on 30 September 2022 was 64.5%.
PETROS PETROPOULOS AEBE
Address
Telephone
Fax
Email
96-104 Iera Odos
+30 210 3499200
+30 210 3473404
contact@petropoulos.com
104 47 Athens
Summary Consolidated Profit & Loss Statement (in € 000).
1 Jan - 30 Sept.
2022
2021
Total Sales
113,579
110,657
Gross Profit
20,778
19,962
Other Income
2,095
1,503
Administrative, Selling & Marketing Expense
(15,918)
(12,648)
Other Expenses
(342)
(765)
Operating Profit
6,613
8,052
Net Financial Income (Expense)
(259)
(950)
Depreciation included in Operating Cost
790
787
Net Profit before Income Tax
6,354
7,102
Income Taxes
(1,498)
(2,342)
Net Profit after Income Tax
4,856
4,760
Minority Interests
0
0
Net Profit After Income Tax & Minority Interests
4,856
4,760
Earnings per Share
0.742
0.727
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)
30/09/2022
31/12/2021
Assets
Current Assets
Cash & Cash Equivalents
10,197
15,860
Accounts Receivable
22,845
23,027
Inventories
25,649
19,997
Other Receivables
4,466
3,995
Non Current Assets
Intangible Assets
1,336
1,321
Tangible Assets
14,254
14,072
Long term Accounts Receivable
479
486
Other Long Term Assets
445
412
Total
79,671
79,170
Liabilities
Short Term Bank Debt
4,795
3,475
Other Short Term Liabilities
20,921
20,963
Long Term Bank Debt
6,250
9,725
Other Long Term Liabilities
2,803
2,660
Total Liabilities
34,769
36,823
Equity
44,902
42,347
Total
79,671
79,170
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 and tires. 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 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 15:33:03 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 
