Papoutsanis: The turnover rose to 66.2m euros in 2024

It increased by 6.3% in 2024, reaching 66.2m euros compared to 2023. Concerning the contribution of the four sectors of activity to the turnover of 2024, it is reported that 30% of total revenue comes from sales of eponymous products of Papoutsani in Greece and abroad, 17% from sales on the hotel market, 36% from third-party productions and 17% from industrial sales of special saponomases. CORVERSE For 2025, the company provides for two-digit turnover growth, both as a result of the expansion of existing and the initiation of significant new partnerships, and thanks to further strengthening sales of the products concerned, with dynamic expansion to new categories and channels, both locally and internationally. Branded Products : The category shows strong growth by 17% compared to 2023, driven mainly by brand ARKADI (+69% compared to 2023), and exports (+22% compared to 2023). Excluding the above mentioned areas, sales of the branded products PAPOUTSANIS show a 6% growth compared to 2023, exceeding the drop in the class of antiseptic (14% compared to 2023), thanks to the enrichment of the product portfolio with innovative products, entry into important new categories, dynamic advertising support and strengthening distribution and imagery of products in stores. Hotel Products : The sales of the category increased by 3.5% in 2024, driven by the development of sales of the branded hotel products Papoutsanis. At the same time, sales of hotel products from third parties abroad moved very satisfactorily, maintaining the levels of 2023, covering the delay of the first half, which was due to a high level of last year. CORVERSE In particular, sales of the branded hotel products Papoutsanis increased by 9%, driven by exports, which developed with a strong two-digit mark in 2024 (+53%) compared to 2023, creating strong bases for the future and strengthening the presence of the brands of Papoutsani abroad. Domestic sales of branded hotel products PAPOUTSANIS moved close to 2023 levels, slightly enhanced (+1% compared to last year). Third party products (industrial sales, private label) : The sales of the category moved to satisfactory levels and closed in 2024 reduced by 2.8% compared to 2023, having covered most of the 1st semester’s lag (-10% compared to the respective last year), as significant new partnerships began to deliver. In particular, the category was strengthened in the second half of 2024, following the start of cooperation with a large multinational, with a new codebook gradually developed within the year, while creating a strong basis for 2025, as cooperation will be in full progress. Industrial sales of saponomases : Sales of the saponomaze class increased by 14% compared to 2023, resulting in the development of partnerships and codes. The Company’s aim remains the continuous expansion of the client list and the further development of synthetic saponomases