Κ4-02-021

Kifissia 20/11/2020

 Announcement On Commentary on the Financial Statements for the Nine Months 2020

PAPERPACK SA Company continues its profitable course, in the period of the Month from 1/1/2020 to 30/09/2020. More specifically:

The turnover of the Company amounted to 13,052 thousand € against 14,156 thousand € in the corresponding period of the previous year, showing a decrease of 7.80%.

The operating profits (EBITDA) of the Company amounted to € 3,288 thousand compared to € 3,378 thousand in the corresponding period of the previous year.

The results before taxes amounted to profits of € 1,919 thousand compared to € 1,930 thousand in the corresponding period of the previous year.

Profits after taxes amounted to € 1,408 thousand compared to € 1,358 thousand in the corresponding period of the previous year.

The number of employees of the Company on 30/09/2020 amounts to 162 people while on 30/09/2019 it amounted to 161 people.

The Company presented positive operating cash flows of € 2,818 thousand compared to € 3,446 thousand in the corresponding period of the previous year.

Cash and cash equivalents amounted to € 1,739 thousand compared to € 2,093 thousand in the corresponding period of the previous year.

The basic earnings per share amounted to € 0.3563 compared to € 0.3436 in the corresponding period of the previous year.

Investments in fixed assets amounted to € 1,508 thousand compared to € 483 thousand in the corresponding period of the previous year.

Download here the pdf