The Group of Petros Petropoulos SA showed a significant increase in financial figures in 2021, with a turnover of € 155.7m. (increase of 32.5%) and profits after taxes to € 6.8 million (increase of 103.6%), while cash and cash equivalents increased significantly, as announced today by the listed company.
“The financial results of 2021 characteristically reflect the strong position of the Group but also the prospects for its further development. market the pandemic.
The Group closes its 100 years this year by showing the best performance in history. It is entering the second century dynamically, having strategically expanded its portfolio, with important alliances in sectors such as electricity, which is the future for sustainable development.
“At the same time, we focus our efforts on the development of innovation initiatives in order to effectively address the changes that are transforming the wider business environment in which we operate,” he said. Executive Chairman of the Group, Mr. Michalis I. Economakiscommenting on the financial results.
Summary Review
The Group’s sales increased by 32.5% and amounted to € 155.7m (€ 117.6m in 2020).
The Group’s EBITDA amounted to € 11.8m compared to € 6.9m in 2020, recording an increase of 70%.
Profits before taxes increased by 104.2% to € 9.9m compared to € 4.8m in 2020, while earnings after taxes and minority interests also increased by 103.6% to € 6.8m compared to € 3 , 3cm in 2020.
Total bank lending decreased to € 13.2m from € 24.7m in 2020 and net bank lending rose to € -2.6m from € 13.7m. Cash and cash equivalents increased to € 15.8m. from € 11m. on 31.12.2020.
Equity increased to € 42.3m from € 36.6m in 2020. The Group’s solvency ratio (net position as% of total assets excluding cash and cash equivalents) on 31.12.2021 was 67% compared to 55% on 31.12. 2020.
Source: Capital
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