CPI: Increase in Revenues and Gross Margin

Athens 28^th March 2025 (EXAE: ΣΠΙ, RIC: CPIr.AT, Bloomberg: CPI.GA)

Key Results Highlights

The company reported a 6.1% increase in half year revenue, reaching 10.43 million euros compared to 9.83 million euros in the equivalent period the previous year with the contribution of services to overall revenue being 25%. Gross Margin also increased by 5.9% reaching 1.78 million euros. 

Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 110.000 euros. The EBITDA decrease came as a result of the increased cost of retaining and refreshing the workforce.

The company's final profitability remained stable compared to the same period last year, with pre-tax losses amounting to 248.000 euros and after-tax losses reaching 217.000 euros, versus losses of 244.000 euros in the previous year.

Commenting on the results, CPI CEO Aris Papathanos stated: “We continue to increase our revenues while diversifying our portfolio of products and services. The uncertainty caused by the recent geopolitical developments have left their mark in the first quarter of 2025 while, at the same time, high workforce mobility has increased the operating cost of companies. We believe that the new cooperation, as we have announced in 2025 together with the projects backlog we already have, will help us end our fiscal year the best way possible”.

CPI has been active in the IT sector for over 30 years, holding a leading position as a distributor of high-value technology products, solutions, and services.

The company offers a comprehensive portfolio that includes Printing, Scanning, POS, Projection equipment, IP surveillance, Data Storage, Auto-ID, Smart Lighting, and Unified Communications solutions.

At the same time, CPI provides managed print and document digitization services, as well as technical support, serving major Greek and international organizations through SLA-based agreements or customized project implementations.