Petros Petropoulos AEBE Reports Consolidated Earnings Results for the Year Ended December 31, 2017
March 07, 2018
Share
Petros Petropoulos AEBE reported consolidated earnings results for the year ended December 31, 2017. For the year, the company reported total sales of €73,200,000 against €93,236,000 a year ago. Operating profit was €4,797,000 against €4,582,000 a year ago. Net profit before income tax was €3,181,000 against €2,436,000 a year ago. Net profit after income tax was €2,342,000 against €1,340,000 a year ago. Earnings per share were €0.33 against €0.19 per share a year ago. Group EBITDA increased by 1.8% to €5.7 million compared to €5.6 million in 2016.
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 