Κ4-02-021

Kifissia June 29, 2020

Announcement on the comments of the Financial Statements for the first quarter of 2020

 

PAPERPACK SA continues its profitable course, and in the period of the first quarter from 1/1/2020 to 31/03/2020. More specifically:

The Company's turnover amounted to € 4,698 thousand compared to € 5,211 thousand in the corresponding period of the previous year, showing a decrease of 9.85%.

The Company's operating profit (EBITDA) amounted to € 1,181 thousand compared to € 1,417 thousand in the corresponding period of the previous year.

The results before taxes were formed in profits of € 744 thousand compared to € 980 thousand in the corresponding period of the previous year.

Profits after taxes amounted to € 560 thousand compared to € 670 thousand in the corresponding period of the previous year.

The number of employees of the Company on 31/03/2020 amounts to 161 people while on 31/03/2019 it amounted to 161 people.

The Company presented positive operating cash flows of € 1,068 thousand compared to € 262 thousand in the corresponding period of the previous year.

The cash available amounted to € 2,679 thousand compared to € 1,799 thousand in the corresponding period of the previous year. The key profits per share amounted to € 0.1416 compared to € 0.1695 in the corresponding period of the previous year.

The bank lending of the Company decreased by € 183 thousand compared to 31/12/2019.

 

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