Corporate Presentation
31/12/2023
Who we are
Founded in 1979.
Publicly Traded in Athens Stock Exchange since 1996.
Leading European producer of flexible barrier films for the meat, cheese, seafood industries
and non-barriershrink films for the bottling industry. Production plants in Greece, Poland and Australia.
Approximately 90% of Group total sales took place outside Greece in over 40 countries - Germany, UK, Poland, USA, Australia, New Zealand and others.
State-of-the-artfacilities with extensive production capabilities and high- performance flexographic printing.
Advanced R&D department for new product development/ improvement | 2 |
of product portfolio. |
Product Portfolio
o FlexoShrink Shrink Bags and Films
o Flexion Skin Films
o FlexoFresh Thermoforming Films
o FlexoLid Lidding Films
- Vacuum Pouches
o FreshOnBoard / Cardboard-based trays
- Customized film structures
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Highlights
Thous. € | 12M-2023 | D |
Sales | 153.090 | 1,4% |
EBITDA | 25.773 | -4,9% |
EBT | 19.057 | 0,8% |
EAT | 15.101 | 7,1% |
Shareholders Equity | 121.386 | 14,0% |
Total Assets | 197.933 | 12,4% |
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2023 Overview
Important milestones of the year 2023:
- Around 90% of our business is outside of Greece
- Continuous product development
- Further expansion of sales team and distribution network
- Share capital increase of the subsidiary company "FLEXOPACK INTERNATIONAL LIMITED" by a total amount of EUR 9 Mil. for financing the investment plan of "FLEXOPACK PROPERTIES PTY LTD"
- Strong financial position
- Issuance of a Common Bond Loan of EUR 7 Mil. to serve corporate activities and business expansion
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Subsidiaries
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Affiliates
AFFILIATES
Inova S.A. - (50%)
Greece
Rigid Packaging - Bag-in-Box
Vlachos S.A. - (47,71%)
Greece
Rotogravure Printer
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Consolidated Financials
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Income Statement
9
Country Turnover Breakdown
1
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Flexopack SA published this content on 17 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2024 14:51:06 UTC.