The turnover of Papoutsanis amounted to 49.6 million euros in the nine months of 2024 compared to 47.4 million euros in the corresponding period of 2023, marking 5% increasewith the value of exports representing 53% of total turnover.

As announced, for the entire year, a further increase in turnover compared to 2023 is estimated, as we already see in the nine months the positive result from the new partnerships which started within 2024 and will be in full swing in the last quarter of the year. Also, the company is in negotiations with large multinationals and smaller companies for new projects that will further boost turnover and profitability, and new projects have already been agreed (projects) with existing clients which will boost turnover in the coming year.

Branded products performed strongly 14% growth compared to the nine months of 2023, which is largely due to ARKADI brandwhich with its entry into the new laundry care and dishwashing liquid categories presents a 80% sales increase. Excluding ARKADI, sales of PAPOUTSANIS branded personal care products show 2% increase compared to the first nine months of 2023 driven mainly by exports, which record 28% growth. The pillar of Papoutsanis branded products is a strategic priority and is expected to be further strengthened in the last quarter of 2024, through the enrichment of the product range, dynamic advertising support and the strengthening of our presence in stores.

Sales of hotel products moved down 5% in the first nine months of 2024, which is due to the sales of third-party hotel products abroad. Third-party overseas sales lagged year-on-year due to one-off deliveries in early 2023, but improved significantly in 3Q24.

Sales of PAPOUTSANIS branded hotel products moved positively, presenting sales growth by 10%, driven by exports, which grow at a strong double-digit rate in the nine months of 2024 (+70%) compared to the corresponding period last year, creating strong bases for dynamic growth and strengthening the presence of Papoutsani’s brands abroad.

In terms of third-party products (industrial sales, private label) sales of this category in the nine months remained at last year’s levels, showing a significant improvement during the 3rd quarter of 2024, with new partnerships delivering and reversing the decline trend of the first half of 2024.

Industrial sales of soap masses increased by 14% compared to the first nine months of 2023. The company’s goal remains the continuous expansion of the clientele and the further development of synthetic soap masses.