Ouzo Plomari: Investments for a Return to Profitability

Potopoiia Plomariou Isidoros Arvanitis recorded increased turnover but decreased profits in 2024. Despite the pressure on profitability, the company is proceeding with a €6.2 million investment for a new tsipouro factory in Thessaly.

Exports account for 58% of total turnover, with an 8.4% increase to €15.47 million. In the domestic market, commercial activity increased by 12.1% to €3.68 million.

Pre-tax profits decreased by 35.6% to €2.68 million, while net profits after tax decreased by 49.4% to €1.61 million. Advertising expenses amounted to €4.18 million, up 16.3%.

The company reported losses of €1.67 million from the disposal of non-current assets, mainly from its participation in V. and M. Skarmoutsos S.A. Trade receivables decreased by 52.5% to €1.48 million.

The new unit in Tyrnavos, with a budget of €6.2 million, is expected to be operational within 2025 and will produce the monovarietal tsipouro “Dekaraki”.

The board of directors proposes a dividend distribution of €500,000 for 2024.