Papoutsanis: Turnover increase by 34% in 2021

For the sixth consecutive year, Papoutsanis announced a high double-digit increase in turnover, which stood at 34% for 2021, confirming its steady upward trend.

Specifically, total sales for the year 2021 amounted to 54.8 million euros compared to 40.8 million euros in 2020.

In addition, Papoutsani’s exports record a significant increase of 70% compared to 2020 and amount to 34 million euros, representing 62% of total turnover.

It is worth noting that 21% of the total revenue comes from sales of Papoutsani branded products in Greece and abroad, 13% from sales in the hotel market, 49% from productions of products for third parties and 17% from industrial sales of soap masses.

The increase in turnover is attributed to the high performance achieved by the company in all categories in which it operates.

The company’s strategy in developing innovative products with emphasis on sustainability, verticalization and investments in high-tech mechanical equipment, has contributed to the consolidation of the company as one of the major international producers in the sectors in which it operates.

Overview by Sector of Activity

• Branded goods: Sales increase by 12% in 2021 compared to 2020. During the year, the position of branded products (Karavaki, Natura, Aromatics, etc.) in the large retail chains was strengthened. It is noted that in 2020 this category benefited significantly from increased sales of antiseptics, as a consequence of the COVID-19 pandemic.

• Hotel Products: Increase sales by 126% compared to 2020. This category was strengthened by the partial recovery of the hotel market in Greece and abroad during the current year. Especially in the last quarter, exports were significantly increased due to the start of implementation of new agreements with international chains, agreements that had been concluded since 2019 but due to the pandemic were delayed.

• Third party products (industrial sales, private label): 24% increase in sales compared to 2020. The increase came from the significant further strengthening of collaborations with multinational companies for the production of their products, the development of the clientele and the continuous expansion of the range of products offered by the company.

• Industrial sales of soap masses: There was an increase of 34% in 2021 in the specific category that concerns exports. The growth is due to the consolidation of the company as one of the main suppliers of special soap masses in the international market, to the expansion of the clientele as well as to the continuous strengthening of the offered range of products. At the same time, the launch of synthetic soap masses, which are special products with a very positive environmental footprint and high added value, is estimated to further strengthen the category.

Mr. Menelaos Tasopoulos, CEO of Papoutsani SA, commented: “It is with great pleasure that we announce for the sixth consecutive year a high double-digit growth rate with performance that exceeds the goals we had set during the previous year. KDuring 2021 we continued our consolidation in the international market thanks to the further strengthening of our branded products, the partial recovery of the hotel market combined with the significant increase of exports, trade collaborations with foreign companies, the continuous development of innovative products with emphasis on sustainability, as well as significantly boosting industrial soap sales. For 2022 and despite the continuing effects of the pandemic, we look forward to further strengthening our financial size and continuing our strong growth path, focusing on the relationships we have developed with our customers and other partners and suppliers, extroversion, the innovation and strong know-how of Papoutsani, one of the historical industries of the country “.