I'm Greek and have owned papoutsanis in the past. Before the current management took over it was almost run to the ground. New management / owners did a remarkable turn around.
I may be biased because I sold too early but the best of this stock is behind it at this point. Sure it's a great company but now it's priced appropriately, there's not much room to grow, in my opinion.
Brands are good. Karavaki is the soap that all Greek households grew up with. There's some resilience in the portfolio. When tourism was down due to pandemic, "wash your hands" soaps boomed, now it's the opposite.
One of the owners comes from an investment banking background iirc. There's a fair possibility, in my opinion, that the company will get sold eventually.
Sorry, no, I haven't followed the company for ~2 years now. I'd watch for how the own brand products trend and grow over time, as the margins should be higher there. Private label or subcontracting for other major brands should be seen, IMO, as a good way to fund the private products expansion.
By the way, IIRC, Papoutsanis did a small acquisition recently, some company that's manufacturing "environment friendly" washing detergents etc, so you might want to follow that as an area of future growth.
By the way, I'd try calling their IR department, I imagine they'd pick up.
how do you invest in Greece? any broker you'd recommend?
I am in Europe, De-giro offers Greece.
I'm Greek and have owned papoutsanis in the past. Before the current management took over it was almost run to the ground. New management / owners did a remarkable turn around.
I may be biased because I sold too early but the best of this stock is behind it at this point. Sure it's a great company but now it's priced appropriately, there's not much room to grow, in my opinion.
Brands are good. Karavaki is the soap that all Greek households grew up with. There's some resilience in the portfolio. When tourism was down due to pandemic, "wash your hands" soaps boomed, now it's the opposite.
One of the owners comes from an investment banking background iirc. There's a fair possibility, in my opinion, that the company will get sold eventually.
Thanks!!
Any opinion on the b2b area? seems like the best area for growth now.
Sorry, no, I haven't followed the company for ~2 years now. I'd watch for how the own brand products trend and grow over time, as the margins should be higher there. Private label or subcontracting for other major brands should be seen, IMO, as a good way to fund the private products expansion.
By the way, IIRC, Papoutsanis did a small acquisition recently, some company that's manufacturing "environment friendly" washing detergents etc, so you might want to follow that as an area of future growth.
By the way, I'd try calling their IR department, I imagine they'd pick up.
Just looking at the Greek consumer goods companies, there aren't that many.