PETROPOULOS
29.1% increase in sales in the first quarter
In the first quarter of this year, Petros Petropoulos' net profit was €1,518 million, down from €1,662 million in the same period previous year.
Handout
Petros Petropoulos' net profit amounted to €1,518 million in the first quarter of the year, compared to €1,662 million in the corresponding period last year. Group sales increased by 29.1% to €50.1 million from €38.8 million in 2023.
Net bank borrowings decreased to €14.9 million from €20 million at 31.12.23. Cash and cash equivalents increased to €15.6 million from €12.5 million at 31.12.23.
Trade receivables decreased to €27.8 million from €29.4 million as of 31.12.23, and inventories also decreased to €48.5 million from €51.2 million. net position amounted to €54.8 million from €53.3 million as of 31.12.23.
The group's solvency ratio (net position as a percentage of total assets excluding cash and cash equivalents) was 51% as of March 31.
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