PETROS PETROPOULOS AEBE
General Electronic Commercial Registry No.: 285301000
96-104 Iera Odos, 104 47 Athens
FINANCIAL DATA AND INFORMATION FOR THE THE PERIOD 01.01.2022 -6.30.2022
(In accordance with decision 4/507/28.04.2009 of the Board of Directors of the Capital Market Commission)
The financial information set out below provide a general presentation of the financial position and results of PETROS PETROPOULOS AEBE and the Group. Therefore, we recommend to any person interested in investing to PETROS PETROPOULOS AEBE, or to proceed to any other transaction with the company to read the financial statements, which are available in our website www.petropoulos.com, along with the Independent Auditor's Report.
COMPANY 'S DATA | Members of the Board of Directors: | ||
Website address : | www.petropoulos.com | Michael Economakis - Chairman of the Board | |
Tax Register Number: | 094043269 | Michalis Michaloutsos- Vice President (non executive) | |
Regulatory Authority: | Ministry of Economy, Infrastructure, Shipping and Tourism, | Theodoros Anagnostopoulos- CEO | |
General Secretariat for Commerce & Consumer Protection, | Arianni Velissaropoulou - Member (non executive) | ||
Companies Administration & G.E.M.I, Department of | George Drakos- Member (non executive) | ||
Listed Societe Anonymes & Athletics S.A. | Nicolaos Empeoglou - Member (non executive) | ||
Financial Statements were authorised for issue: | August 5, 2022 | John Katsouridis- Member (non executive) | |
Auditor: | Michael Zaharioudakis (Register Number 13191) | Cleopatra Kiriazi - Member (non executive) | |
Audit Company: | MPI HELLAS S.A. (Register Number 155) | Stefanos Manos -Member (non executive) | |
Review Report : | Unqualified Conclusion | John Filiotis- Member (non executive) | |
Ι. STATEMENT OF FINANCIAL POSITION | |||||||||||||||||||||||||||||||||||||||||||
(Figures are in thousand euros) | GROUP | COMPANY | |||||||||||||||||||||||||||||||||||||||||
ASSETS | 06/30/2022 | 12/31/2021 | 06/30/2022 | 12/31/2021 | |||||||||||||||||||||||||||||||||||||||
Non Current Assets | |||||||||||||||||||||||||||||||||||||||||||
Property plant and Equipment | 14.302 | 14.072 | 9.883 | 9.644 | |||||||||||||||||||||||||||||||||||||||
Intagible Assets | 1.303 | 1.321 | 1.427 | 1.820 | |||||||||||||||||||||||||||||||||||||||
Investments in Subsidiaries | 0 | 0 | 4.683 | 4.683 | |||||||||||||||||||||||||||||||||||||||
Trade Receivables | 429 | 486 | 430 | 486 | |||||||||||||||||||||||||||||||||||||||
Other non current assets | 434 | 412 | 594 | 566 | |||||||||||||||||||||||||||||||||||||||
Current Assets | 16.468 | 16.291 | 17.017 | 17.199 | |||||||||||||||||||||||||||||||||||||||
Inventory | 25.050 | 19.997 | 25.049 | 19.997 | |||||||||||||||||||||||||||||||||||||||
Trade Receivables | 22.405 | 23.027 | 22.329 | 22.978 | |||||||||||||||||||||||||||||||||||||||
Other current assets | 3.441 | 3.995 | 3.439 | 3.986 | |||||||||||||||||||||||||||||||||||||||
Cash and Cash Equivalent | 9.036 | 15.860 | 8.697 | 15.592 | |||||||||||||||||||||||||||||||||||||||
59.932 | 62.879 | 59.514 | 62.553 | ||||||||||||||||||||||||||||||||||||||||
TOTAL ASSETS | 76.400 | 79.170 | 76.531 | 79.752 | |||||||||||||||||||||||||||||||||||||||
EQUITY AND LIABILITIES | |||||||||||||||||||||||||||||||||||||||||||
Share Capital | 6.575 | 6.575 | 6.575 | 6.575 | |||||||||||||||||||||||||||||||||||||||
Other Equity Items | 35.156 | 35.772 | 33.622 | 34.369 | |||||||||||||||||||||||||||||||||||||||
Attritutable to Equity holders of the parent (a) | 41.731 | 42.347 | 40.197 | 40.944 | |||||||||||||||||||||||||||||||||||||||
Non controlling interests (b) | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||
Total Equity (c=a+b) | 41.731 | 42.347 | 40.197 | 40.944 | |||||||||||||||||||||||||||||||||||||||
Long term borrowings | 6.250 | 9.725 | 6.250 | 9.725 | |||||||||||||||||||||||||||||||||||||||
Provisions/Other long term liabilities | 2.723 | 2.660 | 2.723 | 2.829 | |||||||||||||||||||||||||||||||||||||||
Total long term Liabilities | 8.973 | 12.385 | 8.973 | 12.554 | |||||||||||||||||||||||||||||||||||||||
Short term borrowings | 3 | 3.475 | 3 | 3.475 | |||||||||||||||||||||||||||||||||||||||
Trade and other short term liabilities | 25.693 | 20.963 | 27.358 | 22.779 | |||||||||||||||||||||||||||||||||||||||
Total short term Liabilities | 25.696 | 24.438 | 27.361 | 26.254 | |||||||||||||||||||||||||||||||||||||||
Total Liabilities (d) | 34.669 | 36.823 | 36.334 | 38.808 | |||||||||||||||||||||||||||||||||||||||
TOTAL EQUITY AND LIABILITIES (c) + (d) | 76.400 | 79.170 | 76.531 | 79.752 | |||||||||||||||||||||||||||||||||||||||
ΙΙ. STATEMENT OF TOTAL COMPREHENSIVE INCOME | |||||||||||||||||||||||||||||||||||||||||||
(Figures are in thousand euros) | GROUP | COMPANY | |||||||||||||||||||||||||||||||||||||||||
1/1-6/30/2022 | 1/1-6/30/2021 | 1/1-6/30/20221/1-6/30/2021 | |||||||||||||||||||||||||||||||||||||||||
Revenue | 70.241 | 74.359 | 70.067 | 74.182 | |||||||||||||||||||||||||||||||||||||||
Gross profit | 12.814 | 13.890 | 12.793 | 13.868 | |||||||||||||||||||||||||||||||||||||||
Profit before tax, interest and investment activities | 2.502 | 5.424 | 2.357 | 5.295 | |||||||||||||||||||||||||||||||||||||||
Profit before tax | 2.322 | 4.710 | 2.171 | 4.581 | |||||||||||||||||||||||||||||||||||||||
Income tax | -637 | -1.981 | -617 | -1.956 | |||||||||||||||||||||||||||||||||||||||
Profit after tax (a) | 1.685 | 2.729 | 1.554 | 2.625 | |||||||||||||||||||||||||||||||||||||||
Attributable to: | |||||||||||||||||||||||||||||||||||||||||||
Equity holders of the parent | 1.685 | 2.729 | 1.554 | 2.625 | |||||||||||||||||||||||||||||||||||||||
Other comprehensive income, net of tax (b) | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||
Total comprehensive income, after income tax (a+b) | 1.685 | 2.729 | 1.554 | 2.625 | |||||||||||||||||||||||||||||||||||||||
Attributable to: | |||||||||||||||||||||||||||||||||||||||||||
Equity holders of the parent | 1.685 | 2.729 | 1.554 | 2.625 | |||||||||||||||||||||||||||||||||||||||
Basic Earnings per share in euro | 0,2575 | 0,4170 | 0,2374 | 0,4011 | |||||||||||||||||||||||||||||||||||||||
Profit before tax, interest, investment activities | |||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 3.072 | 6.030 | 3.042 | 5.891 | |||||||||||||||||||||||||||||||||||||||
ΙΙΙ. STATEMENT OF CHANGES IN EQUITY | |||||||||||||||||||||
(Figures are in thousand euros) | GROUP | COMPANY | |||||||||||||||||||
1/1-6/30/2022 | 1/1-6/302021 | 1/1-6/30/2022 | 1/1-6/30/2021 | ||||||||||||||||||
Total equity at beginning of the period | |||||||||||||||||||||
(1/1/2022 and 1/1/2021 respectively) | 42.347 | 36.565 | 40.944 | 35.346 | |||||||||||||||||
Total comprehensive income , after income tax | 1.685 | 2.729 | 1.554 | 2.625 | |||||||||||||||||
Dividents payable | -2.301 | -707 | -2.301 | -707 | |||||||||||||||||
(Purchases) /sales of Treasury shares | 0 | -124 | 0 | -124 | |||||||||||||||||
Total Equity at the end of period | |||||||||||||||||||||
(6/30/2022 and 6/30/2021 respectively) | 41.731 | 38.463 | 40.197 | 37.140 | |||||||||||||||||
ΙV. STATEMENT OF CASH FLOWS (Indirect Method) | |||||||||||||||||||||
(Figures are in thousand euros) | GROUP | COMPANY | |||||||||||||||||||
1/1-6/30/2022 | 1/1-6/30/2021 | 1/1-6/30/2022 | 1/1-6/30/2021 | ||||||||||||||||||
Cash Flows from operating activities | |||||||||||||||||||||
Profit before tax | 2.322 | 4.710 | 2.171 | 4.581 | |||||||||||||||||
Adjustments for: | |||||||||||||||||||||
Depreciation | 570 | 606 | 685 | 597 | |||||||||||||||||
Interest Income | -62 | -53 | -62 | -53 | |||||||||||||||||
Interest expenses | 242 | 767 | 248 | 767 | |||||||||||||||||
Changes in working capital | 3.072 | 6.030 | 3.042 | 5.892 | |||||||||||||||||
(Increase)/Decrease in inventories | -5.052 | -1.387 | -5.052 | -1.387 | |||||||||||||||||
(Increase)/Decrease in trade receivables | 1.210 | 189 | 1.224 | 228 | |||||||||||||||||
Increase/(Decrease) in trade payables | 1.486 | 6.558 | 1.544 | 6.631 | |||||||||||||||||
Less: | -2.356 | 5.360 | -2.284 | 5.472 | |||||||||||||||||
Interest expenses paid | -242 | -768 | -248 | -767 | |||||||||||||||||
Net cash from operating activities (a) | 474 | 10.622 | 510 | 10.597 | |||||||||||||||||
Investing activities | |||||||||||||||||||||
Purchase of PPE and Intagible assets | -521 | -288 | -521 | -288 | |||||||||||||||||
Proceeds from sales of PPE | 16 | 73 | 16 | 73 | |||||||||||||||||
Interest received | 62 | 53 | 62 | 53 | |||||||||||||||||
Net cash used in investing activities (b) | -443 | -162 | -443 | -162 | |||||||||||||||||
Cash Flows from financing activities | |||||||||||||||||||||
Purchases/(sales) of Treasury shares | 0 | -124 | 0 | -124 | |||||||||||||||||
Dividents paid | -2.301 | 0 | -2.301 | 0 | |||||||||||||||||
(Payments)/Proceeds from borrowings | -4.197 | -9.063 | -4.197 | -9.063 | |||||||||||||||||
Rental payments | -357 | -262 | -464 | -262 | |||||||||||||||||
Net cash used in financing activities (c) | -6.855 | -9.449 | -6.962 | -9.449 | |||||||||||||||||
Net increase/(decrease) in cash and cash equivalents (a)+(b)+(c) | -6.824 | 1.011 | -6.895 | 986 | |||||||||||||||||
Cash and cash equivalents at beginning of period | 15.860 | 11.023 | 15.592 | 10.798 | |||||||||||||||||
Cash and cash equivalents at end of period | 9.036 | 12.034 | 8.697 | 11.784 | |||||||||||||||||
Additional Data and Information
- Unaudited Fiscal Years of the Group and Company are stated in note 3.4 of the Financial Statements
- There are no legal cases or issues in progress, which might have an important impact on the financial statements of the group.
- Number of Employees at the end of current period: Group and Company 173. At the end of comparable period the numbers were: Group and Company 162
- Related party transactions in accordance with IAS 24 have as follows:
(figures in thousand euros) | GROUP 6/30/22 | COMPANY 6/30/22 | |
a) | Revenues | 2 | 2 |
b) | Expenses | 46 | 176 |
c) | Receivables | 0 | 0 |
d) | Liabilities | 214 | 1.777 |
e) | Board Members and Key Management Personnel Renumeration and other transactions | 1.011 | 1.011 |
f) | Receivables from Board Members and Key Management Personnel | 0 | 0 |
g) | Liabilities to Board Members and Key Management Personnel | 1.020 | 1.020 |
- Name, Incorporation Country, Consolidation Methods and Ownership Participation of Parent Company to the Companies or Joint Ventures included in the Financial statements are stated in note 1.2 of these financial statements.
- No change in Consolidation Methods took place in the current period in relation to the methods which had been applied in the Financial Statements of 12/31/2021. In addition there are not subsidiaries or associate companies which have not been incorporated in these consolidated financial statements
- At the end of the period the Company owned 527.321 treasury shares, valued €2.485.616,89
Athens, 5 of August 2022 | ||
Chairman of the Board | CEO | Financial & Administration Manager |
Michael E. Economakis | Theodoros V. Anagnostopoulos | George V. Papadopoulos |
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Disclaimer
Petros Petropoulos SA published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 15:45:04 UTC.