Group sales increased by 34.2% to €29.0m (€21.6m at 31.3.2020).
Group EBIDTA increased by 233.4% to €2.8m (€0.2m at 31.3.2020).
Earnings before income tax increased by 550% to €2.4m (€0.3m at 31.3.2020), and earnings after income tax and minority rights increased also by 649% to €1.8m (€0.2m at 31.3.2020).
Total bank borrowing decreased by 27.3% to €18.0m (€24.7m at 31.12.2020), net debt was €10.3m, (€13.7m 31.12.2020). Cash and cash equivalents decreased also to €7.7m as at 31.03.2021 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 31 March 2021 was 56.6%.
Summary Consolidated Profit & Loss Statement (in 000 Euro).
Jan 1- March 31
2021
2020
Sales
29,020
21,617
Gross Profit
6,029
3,802
Other Income
557
522
Administrative, Selling & Marketing Expenses
(3,840)
(3,621)
Other Expenses
(119)
(74)
Operating Profit /(Loss)
2,627
629
Net Financial Income (Expenses) and Fx Gain (Loss)
(239)
(262)
Depreciation included in Operating Cost
153
205
Net Profit / (Loss) Before Income Tax
2,388
367
Income Tax
(547)
(121)
Net Profit (Loss) After Income Tax
1,841
246
Minority Rights
0
0
Net Profit (Loss) After Income Tax & Minority Rights
1,841
246
Earnings per Share
0.281
0.035
PETROS PETROPOULOS AEBE
Head Office
Telephone
Telefax Line
E-mail
96-102 Iera Odos
Switchboard 210 - 3499200
Central 210 - 347 3404
ppaebe@petropoulos.com
Post Office Box 41018
122 10 Athens, Greece
Summary Consolidated Balance Sheet (in 000 Euro).
31/3/2021
31/12/2020
Assets
Current Assets
Cash & Securities
7,733
11,023
Accounts Receivable
23,108
26,792
Inventories
21,489
17,942
Other Receivables
6,197
4,797
Non Current Assets
Intangible Assets
297
311
Tangible Assets
14,506
14,486
Long Term Accounts Receivable
354
310
Other Long Term Assets
830
791
Total
74,514
76,452
Liabilities
Short Term Bank Debt
5,651
9,751
Customer Advances
16,306
13,180
Long Term Bank Debt
12,350
15,000
Other Long Term Liabilities
2,428
2,458
Net Worth
37,779
36,063
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, 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.:210 3499211.
Attachments
Original document
Permalink
Disclaimer
Petros Petropoulos SA published this content on 07 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 09:10:18 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 
