Kifissia 06 May 2019

CODE: Κ4-02-021

Commenting on the announcement of financial statements for the first quarter 2019

Continues theprofitable coursethe companyPAPERPACK SA, and during the first quarter of 1/1/2019 until 31/03/2019. Particular:

Theturnoverof the company amounted to5.211 thousand €against 4.448 mm € the respective period of the previous year showing an increase of 17.15%.

Operating profit (EBITDA) the company was formed in1.417 thousand €against 669 thousand € in the corresponding period of the previous year.

Ta pre-tax resultsframed inprofits 980 thousand €against 447 thousand € in the corresponding period of the previous year.

Earnings after taxesframed in670 thousand €against 317 thousand € in the corresponding period of the previous year.

The number of personnel employedthe company's 31/03/2019 amounts to161people while the 31/03/2018 amounted to 160 people.

Basic earnings per shareframed in0,1695 €€0.0803 versus the corresponding period of the previous year.

The company introducedpositive operating cash flows262 thous.€ versus negative operating cash flows 330 thous. € andcashthe amount to1.799 thousand €against 3.623 thousand €the corresponding period of the previous year.

The bank borrowings of the company decreased7 thousand €in relation to the 31/12/2018 and thenet debtstood at5.168 thousand €from 5.247 mm € 31/12/2018.

The effect of the application ofIFRS 16from 1/1/2019, detailed in note 10 the published data and information on the period.

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Paperpack Printing Box Manufacturing and Paper Packaging Industrial SA published this content on 06 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 May 2019 22:32:07 UTC