E. PAIRIS S.A
PRESS RELEASE - FINANCIAL RESULTS FOR THE YEAR 2024
During the fiscal year 2024, the Group recorded a decrease in turnover compared to the fiscal year 2023; however, this had no material impact on operating results due to effective financial management and optimal use of production resources. At the same time, the Group succeeded in reducing its financial expenses, primarily through the extension of the reduced interest rate applicable to its existing bank loans. Additionally, the maturity date of the Series B Bonds, with a total nominal value of €700,000, was extended, thereby enhancing the Group’s financial flexibility.
Ratio | Change | 2024 | 2023 |
Revenues | -13% | 12.215.811,96 | 13.963.403,17 |
Gross Profit | -19% | 2.547.614,95 | 3.130.055,62 |
Earning before taxes | 28% | 461.561,20 | 361.198,90 |
Net profit | 49% | 346.597,33 | 232.041,31 |
EBITDA | -1% | 1.685.331,42 | 1.704.277,53 |