Flexopack S.A.
ISIN: GRS259003002 | Ticker: FLEXO | LEI: 213800SD9V875QXDRR32
Country: Greece
FLEXOPACK SA was founded in 1979, in Koropi – Attika, less than 30 km away from Athens and the port of Piraeus (main port of Greece), and only a few minutes’ drive from the “E. Venizelos” International Airport.
Initially a family-interest company, it became public in the Athens Stock Exchange in 1996.
FLEXOPACK is a major European flexible packaging manufacturer offering a great variety of products, with special emphasis in co-extrusion of barrier and non-barrier films. The company has a strong technical base in extrusion, bag-making, and printing.
FLEXOPACK’s primary market is the food industry, with emphasis in meat, poultry, cheese and fish. Other markets include the printing/conversion industry and personal care packaging.
1979
Served areaEurope
HeadquartersIfaistoy 36, 19400 Koropi – Greece
| Line item in (eur) | 02.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 122,826,000.00 | 143,172,000.00 | 176,019,000.00 |
| Noncurrent Assets | N/A | 62,509,000.00 | 60,772,000.00 | 68,970,000.00 |
| Property Plant And Equipment | N/A | 54,429,000.00 | 51,912,000.00 | 59,842,000.00 |
| Goodwill | N/A | 252,000.00 | 252,000.00 | 252,000.00 |
| Intangible Assets Other Than Goodwill | N/A | 1,775,000.00 | 1,980,000.00 | 1,918,000.00 |
| Investment Accounted For Using Equity Method | N/A | 4,884,000.00 | 5,600,000.00 | 6,208,000.00 |
| Investments In Subsidiaries Joint Ventures And Associates | N/A | 0.00 | 0.00 | 0.00 |
| Noncurrent Receivables | N/A | 58,000.00 | 102,000.00 | 109,000.00 |
| Current Assets | N/A | 60,318,000.00 | 82,401,000.00 | 107,049,000.00 |
| Inventories | N/A | 20,770,000.00 | 32,447,000.00 | 51,745,000.00 |
| Trade And Other Current Receivables | N/A | 13,036,000.00 | 19,700,000.00 | 18,945,000.00 |
| Other Current Financial Assets | N/A | 8,490,000.00 | 11,115,000.00 | 12,588,000.00 |
| Cash and cash equivalents | 15,470,000.00 | 18,021,000.00 | 19,138,000.00 | 23,772,000.00 |
| Equity And Liabilities | N/A | 122,826,000.00 | 143,172,000.00 | 176,019,000.00 |
| Issued Capital | N/A | 6,329,000.00 | 6,329,000.00 | 6,369,000.00 |
| Retained Earnings | N/A | 56,188,000.00 | 61,225,000.00 | 73,457,000.00 |
| Share Premium | N/A | 3,316,000.00 | 3,316,000.00 | 3,500,000.00 |
| Other Reserves | N/A | 18,120,000.00 | 22,848,000.00 | 23,183,000.00 |
| Equity Attributable To Owners Of Parent | N/A | 83,952,000.00 | 93,717,000.00 | 106,509,000.00 |
| Liabilities | N/A | 38,874,000.00 | 49,455,000.00 | 69,509,000.00 |
| Noncurrent Liabilities | N/A | 15,277,000.00 | 15,348,000.00 | 29,591,000.00 |
| Noncurrent Provisions | N/A | 520,000.00 | 633,000.00 | 576,000.00 |
| Noncurrent Provisions For Employee Benefits | N/A | 478,000.00 | 527,000.00 | 560,000.00 |
| Deferred Tax Liabilities | N/A | 1,678,000.00 | 1,291,000.00 | 491,000.00 |
| Other Noncurrent Financial Liabilities | N/A | 340,000.00 | 0.00 | N/A |
| Longterm Borrowings | N/A | 11,699,000.00 | 12,540,000.00 | 27,674,000.00 |
| Current Liabilities | N/A | 23,597,000.00 | 34,108,000.00 | 39,919,000.00 |
| Trade And Other Current Payables | N/A | 15,082,000.00 | 26,935,000.00 | 27,464,000.00 |
| Current Tax Liabilities Current | N/A | 4,653,000.00 | 3,077,000.00 | 6,698,000.00 |
| Current Borrowings And Current Portion Of Noncurrent Borrowings | N/A | 3,300,000.00 | 3,528,000.00 | 5,400,000.00 |
| Line item in (eur) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue | 96,953,000.00 | 114,181,000.00 | 151,012,000.00 |
| Other Income | 565,000.00 | 536,000.00 | 160,000.00 |
| Profit Loss From Operating Activities | 14,750,000.00 | 12,543,000.00 | 21,081,000.00 |
| Finance Income | 54,000.00 | 115,000.00 | 101,000.00 |
| Finance Costs | 596,000.00 | 492,000.00 | 652,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 725,000.00 | 717,000.00 | 608,000.00 |
| Profit Loss Before Tax | 13,595,000.00 | 12,818,000.00 | 18,899,000.00 |
| Income Tax Expense Continuing Operations | 3,218,000.00 | 2,411,000.00 | 4,798,000.00 |
| Profit Loss From Continuing Operations | 10,378,000.00 | 10,407,000.00 | 14,102,000.00 |
| Profit Loss Attributable To Owners Of Parent | 10,378,000.00 | 10,407,000.00 | 14,102,000.00 |
| Line item in (eur) | 01.01.2021 | 02.01.2020 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Adjustments For Reconcile Profit Loss | 7,453,000.00 | N/A | 6,328,000.00 | 8,543,000.00 |
| Adjustments For Finance Costs | 596,000.00 | N/A | 492,000.00 | 652,000.00 |
| Adjustments For Decrease Increase In Inventories | -2,023,000.00 | N/A | 10,588,000.00 | 19,324,000.00 |
| Adjustments For Increase Decrease In Trade Account Payable | -1,088,000.00 | N/A | -12,049,000.00 | 903,000.00 |
| Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 113,000.00 | N/A | 44,000.00 | 191,000.00 |
| Adjustments For Provisions | 251,000.00 | N/A | 468,000.00 | 163,000.00 |
| Adjustments For Unrealised Foreign Exchange Losses Gains | 1,337,000.00 | N/A | 64,000.00 | 2,239,000.00 |
| Adjustments For Undistributed Profits Of Associates | 725,000.00 | N/A | 717,000.00 | 608,000.00 |
| Adjustments For Losses Gains On Disposal Of Noncurrent Assets | -13,000.00 | N/A | 86,000.00 | -1,000.00 |
| Adjustments For Reconcile Profit Loss | 7,453,000.00 | N/A | 6,328,000.00 | 8,543,000.00 |
| Cash Flows From Used In Operations | 13,685,000.00 | N/A | 8,942,000.00 | 5,714,000.00 |
| Income Taxes Paid Refund Classified As Operating Activities | 1,581,000.00 | N/A | 3,034,000.00 | 2,812,000.00 |
| Cash Flows From Used In Operating Activities | 12,104,000.00 | N/A | 5,908,000.00 | 2,902,000.00 |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | N/A | 2,000.00 | 3,000.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | 6,759,000.00 | N/A | 3,409,000.00 | 12,435,000.00 |
| Proceeds From Sales Of Intangible Assets Classified As Investing Activities | 93,000.00 | N/A | 2,000.00 | N/A |
| Purchase Of Intangible Assets Classified As Investing Activities | 249,000.00 | N/A | 582,000.00 | 355,000.00 |
| Proceeds From Government Grants Classified As Investing Activities | 88,000.00 | N/A | -6,000.00 | 0.00 |
| Dividends Received Classified As Investing Activities | 0.00 | N/A | 108,000.00 | 0.00 |
| Interest Received Classified As Investing Activities | 54,000.00 | N/A | 8,000.00 | 101,000.00 |
| Other Inflows Outflows Of Cash Classified As Investing Activities | 0.00 | N/A | 0.00 | 0.00 |
| Cash Flows From Used In Investing Activities | -6,861,000.00 | N/A | -3,874,000.00 | -12,685,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | 7,340,000.00 | N/A | 7,284,000.00 | 23,169,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | 7,955,000.00 | N/A | 6,215,000.00 | 6,164,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | 593,000.00 | N/A | 651,000.00 | 598,000.00 |
| Dividends Paid Classified As Financing Activities | 741,000.00 | N/A | 1,011,000.00 | 1,591,000.00 |
| Interest Paid Classified As Financing Activities | 533,000.00 | N/A | 436,000.00 | 602,000.00 |
| Other Inflows Outflows Of Cash Classified As Financing Activities | -386,000.00 | N/A | 0.00 | N/A |
| Cash Flows From Used In Financing Activities | -2,850,000.00 | N/A | -1,031,000.00 | 14,425,000.00 |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 2,392,000.00 | N/A | 1,003,000.00 | 4,642,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | 158,000.00 | N/A | 114,000.00 | 7,000.00 |
| Cash and cash equivalents | 18,021,000.00 | 15,470,000.00 | 19,138,000.00 | 23,772,000.00 |
Please note that some sums might not add up.
GRS259003002
LEI213800SD9V875QXDRR32
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