olivLaw · European equity research
ΠΑΠΟΥΤΣΑΝΗΣ Α.Β.Ε.Ε. PAP.AT
Greece · Athens Stock Exchange · ISIN GRS065003014 · Vertical: Listed companies from Greece
Papoutsanis is a Greek producer of soaps, hotel cosmetics and consumer products, with a factory described as one of the largest integrated units of its kind in Europe. The company aims to sustain growth in a context of high raw material and energy costs, and the sources show it is working to lower operating costs through investment in automation and storage.
At the close of 05 Nov 2026, ΠΑΠΟΥΤΣΑΝΗΣ Α.Β.Ε.Ε. (PAP.AT) stock was 3.46 EUR (+0.29% on the day), with market capitalisation 93.5 m EUR, P/E 19.0 on diluted EPS of 0.18 EUR over the last 12 months, dividend yield 2.01%, beta 0.48, 52-week range 2.88–3.95 EUR.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 56.6
- strong (55–70)
- Bollinger (20, 2)
- 3.30 – 3.50
- in the upper half of the band · %B 0.80 · band width 5.8%
- SMA 50 / 200
- 3.41 / 3.53
- mixed trend
- MACD (12, 26, 9)
- 0.01 / -0.00
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +0.9% | +0.4% | +0.5 pp | — |
| 3 months | +1.8% | −3.3% | +5.0 pp | — |
| 6 months | −8.5% | +4.0% | −12.4 pp | — |
| Year to date | −11.3% | +8.1% | −19.4 pp | — |
| 1 year | +16.5% | +10.7% | +5.8 pp | +0.9% |
| 3 years | +56.0% | +50.1% | +5.9 pp | +35.3% |
| 5 years | +53.9% | +43.6% | +10.3 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 2-quarter history (min 12.7, median 13.7, max 14.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2020 | 2021 |
|---|---|---|
| Revenue | 40.8 m | 54.8 m |
| Revenue YoY | unavailable | +34.1% |
| Net income | 3.9 m | 4.9 m |
| Net income YoY | unavailable | +26.1% |
| Diluted EPS | 0.16 | 0.18 |
| Diluted EPS YoY | unavailable | +17.2% |
| net % | 9.6% | 9.0% |
| Free cash flow | -1.2 m | -189.5 k |
Balance sheet & financial health
Fiscal year 2021 · 31 Dec 2021
- Cash
- 6.4 m EUR
- Financial debt
- 16.7 m EUR
- Net debt
- 10.3 m EUR
- Equity
- 25.3 m EUR
- Total assets
- 63.6 m EUR
- Debt / equity
- 0.66x
- Current ratio
- 1.16x
- ROE
- 20.8%
- ROA
- 8.6%
- FCF margin
- -0.3%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2020 | 2021 | Source (latest year) |
|---|---|---|---|
| Revenue | 40.8 m | 54.8 m | esef· 22 Oct 2026verified |
| Cost of revenue | 27.8 m | 37.0 m | esef· 22 Oct 2026verified |
| Gross profit | 13.1 m | 17.8 m | esef· 22 Oct 2026verified |
| Research & development | 677.4 k | 891.0 k | esef· 22 Oct 2026verified |
| Interest expense | 559.9 k | 574.4 k | esef· 22 Oct 2026verified |
| Pre-tax income | 5.3 m | 6.1 m | esef· 22 Oct 2026verified |
| Income tax | 1.1 m | 1.2 m | esef· 22 Oct 2026verified |
| Net income | 3.9 m | 4.9 m | esef· 22 Oct 2026verified |
| Diluted EPS | 0.16 | 0.18 | esef· 22 Oct 2026verified |
| Dividend per share | — | 0.07 | esef· 22 Oct 2026derived |
Balance sheet · EUR
| Line | 2020 | 2021 | Source (latest year) |
|---|---|---|---|
| Cash | 4.3 m | 6.4 m | esef· 22 Oct 2026verified |
| Receivables | 4.4 m | 7.4 m | esef· 22 Oct 2026verified |
| Inventories | 7.5 m | 7.2 m | esef· 22 Oct 2026verified |
| Current assets | 18.5 m | 23.5 m | esef· 22 Oct 2026verified |
| Property, plant & equipment, net | 32.4 m | 39.6 m | esef· 22 Oct 2026verified |
| Intangibles (excl. goodwill) | 225.3 k | 249.2 k | esef· 22 Oct 2026verified |
| Total assets | 51.4 m | 63.6 m | esef· 22 Oct 2026verified |
| Accounts payable | 8.0 m | 12.4 m | esef· 22 Oct 2026verified |
| Short-term debt | 3.4 m | 4.0 m | esef· 22 Oct 2026verified |
| Long-term debt | 9.1 m | 12.7 m | esef· 22 Oct 2026verified |
| Current liabilities | 14.1 m | 20.2 m | esef· 22 Oct 2026verified |
| Total liabilities | 29.2 m | 38.3 m | esef· 22 Oct 2026verified |
| Equity | 22.1 m | 25.3 m | esef· 22 Oct 2026verified |
| Shares outstanding at year end | 25.1 m | 27.0 m | esef· 22 Oct 2026derived |
Cash flow · EUR
| Line | 2020 | 2021 | Source (latest year) |
|---|---|---|---|
| Operating cash flow | 5.3 m | 8.8 m | esef· 22 Oct 2026verified |
| Capex | 6.5 m | 9.0 m | esef· 22 Oct 2026verified |
| Free cash flow | -1.2 m ≈ | -189.5 k ≈ | esef· 22 Oct 2026derived |
| Investing cash flow | -6.5 m | -9.0 m | esef· 22 Oct 2026verified |
| Financing cash flow | 2.8 m | 2.2 m | esef· 22 Oct 2026verified |
| Dividends paid | — | 1.9 m | esef· 22 Oct 2026verified |
| Share repurchases | 1.3 m | — | esef· 22 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 41.7% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 93.5 m EUR
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
42% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.95 – 2.50 EUR.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (EUR per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E1.54 – 2.50 (Mid 2.06)26 companies used · median multiple 11.3x · quartiles 8.4x – 13.7xAEGN.AT, AEM.AT, ALMY.AT, ASCO.AT, ASTAK.AT, AVAX.AT, BELA.AT, BIOKA.AT, BIOSK.AT, BIOT.AT, BRIQ.AT, BYLOT.AT, CENER.AT, CENTR.AT, DAIOS.AT, DIMAND.AT, EIS.AT, ELBE.AT, ELHA.AT, ELLAKTOR.AT, ELSTR.AT, ELTON.AT, ETE.AT, EUROB.AT, EYAPS.AT, FAIS.AT
- Dividend discount (DDM)0.95 – 1.29 (Mid 1.09)
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 41.7% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 9.0% | 54 (vs peers) | 15% |
| FCF conversion · Quality | -3.8% | 0 (on a fixed band) | 15% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.2x | 30 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | 19.0x | 20 (vs peers) | 25% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -0.2% | 0 (on a fixed band) | 20% |
| Shareholder yield (distributions) · Returns | 3.4% | 48 (on a fixed band) | 15% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial30/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality27/100 · 2/3 factors with a value
- Returns· partial48/100 · 1/2 factors with a value
- Valuation11/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ΠΑΠΟΥΤΣΑΝΗΣ ΑΝΩΝΥΜΗ ΒΙΟΜΗΧΑΝΙΚΗ ΚΑΙ ΕΜΠΟΡΙΚΗ ΕΤΑΙΡΕΙΑ ΚΑΤΑΝΑΛΩΤΙΚΩΝ ΑΓΑΘΩΝ (PAP.AT). Latest full fiscal year: 2021; data up to 2021-12-31.
Figures computed from the financial statements: revenue 54.8 m EUR in 2021; YoY growth 34.1%; net margin 9.0%; ROE 20.8%.
The estimated value range is 1.24–1.90 EUR per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 1.58 EUR, the price of 3.46 EUR leaves a potential of -54.4% (value / price − 1) and a margin of safety of -119.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 41.7% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- FCF conversion: -3.8%
- P/E (TTM): 19.0x
- FCF yield: -0.2%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): ROIC, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Listed companies from Greece · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| EUROB.ATΤραπεζα Eurobank Ανωνυμη Eταιρεια | 17.3 bn | 12.7 | 14.0% | 39.7% | +2.7% | +38% / +178% |
| ETE.ATΕθνικη Τραπεζα Της Ελλαδος Α.ε. | 15.2 bn | 13.1 | 13.3% | 42.5% | −5.4% | +24% / +167% |
| ELPE.ATHelleniq Energy Ανωνυμη Εταιρεια Συμμετοχων | 4.9 bn | 28.5 | 6.4% | 1.5% | −9.0% | +97% / +114% |
| CENER.ATCenergy Holdings | 4.5 bn | 23.5 | 24.3% | 9.4% | +14.7% | +45% / +207% |
| BELA.ATJumbo Ανωνυμη Εμπορικη Εταιρεια | 3.7 bn | 11.6 | 21.5% | 26.0% | +7.2% | +1% / +15% |
| AKTR.ATΑκtor Ανώνυμη Εταιρεία Συμμετοχών, Τεχνικών Και Ενεργειακών Έργων | 2.0 bn | 110.5 | 6.7% | 1.3% | +11.2% | +7% / +186% |
| EYDAP.ATΕταιρια Υδρευσεως Και Αποχετευσεως Πρωτευουσης Ανωνυμη Εταιρια | 1.5 bn | — | -2.6% | -5.9% | −2.4% | +86% / +136% |
| ELHA.ATEλβαλχαλκορ Ελληνικη Βιομηχανια Χαλκου Και Αλουμινιου Ανωνυμος Εταιρεια | 1.3 bn | 12.4 | 9.8% | 2.9% | +5.1% | +6% / +83% |
| AEGN.ATΑεροπορια Αιγαιου Ανωνυμη Αεροπορικη Εταιρεια | 1.0 bn | 6.9 | 27.7% | 7.9% | +4.6% | −21% / −1% |
| AVAX.ATΑβαξ Ανωνυμη Εταιρεια Εργοληπτικη-Τουριστικη-Εμπορικη-Βιομηχανικη-Οικοδομικων Υλικων & Μηχανηματων | 505.7 m | 10.7 | 25.9% | 5.0% | +47.1% | +40% / +123% |
| BYLOT.ATBally's Intralot Α.ε. | 464.8 m | 15.3 | -9.3% | -12.6% | +34.8% | +12% / +18% |
| ELLAKTOR.ATΕλλακτωρ Ανωνυμη Εταιρεια | 421.5 m | 2.7 | 26.1% | 175.2% | −74.8% | −32% / −44% |
| AEM.ATAlter Ego Media Α.ε. | 356.1 m | 18.1 | 18.3% | 14.0% | +12.6% | −2% / unavailable |
| ALMY.ATΑλουμυλ Βιομηχανια Αλουμινιου Αε | 324.0 m | 10.5 | 23.5% | 6.0% | +11.7% | +16% / +121% |
| DIMAND.ATDimand Ανωνυμη Εταιρεια Αξιοποιησης Και Εκμεταλλευσης Ακινητων Και Κατασκευων Υπηρεσιων Και Συμμετοχων | 266.7 m | 7.6 | 18.5% | 58.5% | +110.6% | +42% / +28% |
| EYAPS.ATΕταιρεια Υδρευσης & Αποχετευσης Θεσσαλονικης Α.ε. | 169.9 m | 22.0 | 4.1% | 8.8% | +2.4% | +24% / +42% |
| EVR.ATΕυρώπη Holdings Α.ε. | 168.6 m | 37.2 | 2.9% | 30.7% | +435.3% | −32% / +33% |
| BRIQ.ATBriq Properties Ανωνυμη Εταιρεια Επενδυσεων Σε Ακινητη Περιουσια | 150.0 m | 5.9 | 15.5% | 116.9% | +37.8% | +13% / +70% |
| FAIS.ATΦαις Συμμετοχων Ανωνυμη Εταιρεια | 117.2 m | 8.7 | 22.1% | 6.3% | +12.9% | −6% / unavailable |
| DAIOS.ATΔαϊος Πλαστικα Ανωνυμη Βιομηχανικη Εμπορικη Εταιρεια Α.ε. | 107.2 m | 10.9 | 14.0% | 15.6% | +9.1% | 0% / +123% |
| PAP.ATΠαπουτσανης Ανωνυμη Βιομηχανικη Και Εμπορικη Εταιρεια Καταναλωτικων Αγαθων | 93.5 m | 19.0 | 20.8% | 9.0% | +34.1% | +16% / +59% |
| ASTAK.ATAlpha Real Estate Services Ae | 93.3 m | 12.4 | 10.4% | 30.3% | +22.4% | −8% / −8% |
| ASCO.ATA.s. Εμπορικη-Βιομηχανικη Εταιρια Η/υ & Παιχνιδιων Α.ε. | 59.8 m | 10.5 | 14.1% | 15.8% | +16.4% | +11% / +106% |
| AVE.ATAve Α.ε. | 50.9 m | — | -25.2% | -7.4% | +8.2% | −7% / −12% |
| ELTON.ATΕλτον Διεθνους Εμποριου Ανωνυμη Εμπορικη Βιομηχανικη Εταιρεια | 47.3 m | 13.9 | 4.9% | 1.9% | +8.6% | −11% / −18% |
1- and 3-year price returns: for PAP.AT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (EUR)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 2.26 Total return -33% · Per year -33% | 3.98 Total return 17% · Per year 17% | 5.97 Total return 75% · Per year 75% |
| 3 years | 2.68 Total return -17% · Per year -6% | 5.26 Total return 60% · Per year 17% | 8.59 Total return 159% · Per year 37% |
| 5 years | 3.18 Total return 2% · Per year 0% | 6.96 Total return 117% · Per year 17% | 12.38 Total return 278% · Per year 30% |
- Exit P/E± 1.32
- Net margin± 0.92
- Annual revenue growth± 0.69
- Annual dilution± 0.08
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Papoutsanis is a Greek producer of soaps, hotel cosmetics and consumer products, with a factory described as one of the largest integrated units of its kind in Europe. The company aims to sustain growth in a context of high raw material and energy costs, and the sources show it is working to lower operating costs through investment in automation and storage.
SWOT
Strengths
- The factory is vertically integrated and automated, which gives control over quality and costs, according to the annual report.
- The company holds recognised certifications (RSPO, ECOCERT COSMOS) and sources a large share of its energy from renewables.
- The portfolio spans four complementary categories, from own brands to production for third parties, which reduces dependence on a single segment.
Weaknesses
- The company depends on natural gas and electricity, and their costs have risen to historic levels, according to the report.
- The hotel segment is sensitive to tourism, which the report shows was strongly affected by the pandemic.
- The company is not directly exposed to large international markets, and dependence on a few customers for third-party production may be a weak point.
Opportunities
- If tourism returns to pre-pandemic levels, the hotel segment could generate higher volumes.
- Collaborations with multinationals could be extended to new products and customers, according to plans described in the report.
- Local production of soap noodles could gain market share where Asian imports are hit by logistics costs.
Threats
- Rising raw material and energy prices could compress margins if they cannot be passed on to customers.
- Geopolitical tensions in the Ukraine region make the impact on the economy and supply chains difficult to estimate.
- Transport delays and logistics bottlenecks could affect raw material availability and delivery schedules for customers.
Risks
- Energy costshigh
Production depends on natural gas and electricity, and the report shows energy prices reached historic levels. If this pressure persists, production costs could rise substantially.
- Raw material costshigh
The report shows raw material prices rose compared with 2020. If they cannot be fully passed on to customers, margins could decline.
- Geopolitical exposuremedium
The company acknowledges it cannot estimate the final impact of developments in the Ukraine region. Effects on demand, logistics and costs could be hard to anticipate.
- Dependence on tourismmedium
The hotel segment depends on the recovery of tourism. If the recovery is delayed, volumes in this segment could remain below expected levels.
- Supply chainmedium
Transport delays and reduced availability of certain raw materials, noted in the report, could affect production and delivery timelines.
Investment thesis
What would need to be true (bull case)
- If the tourism recovery is confirmed, the hotel segment could return to higher levels and support revenue growth.
- Vertical integration and automation could partly offset cost pressures through operational efficiency.
- Expanding collaborations with multinationals could diversify revenue and reduce dependence on a single sales channel.
What would break the thesis
- If energy and raw material costs remain high, margins could be compressed even if volumes grow.
- Geopolitical uncertainty could disrupt supply chains and demand, and its impact could be hard to estimate.
- If the tourism recovery is delayed or Asian imports become more competitive, growth plans could be postponed.
What to watch
- Evolution of energy and raw material costs and their impact on margins2022
- Pace of recovery in the hotel segment relative to 2019 levels2022
- Expansion of collaborations with multinational clients and launch of new products2022
- Effect of automation and storage investments on operating costsnext annual report
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Papoutsanis operates in four categories: own-brand consumer products, hotel products, production for third parties (mainly multinational companies) and soap noodles. According to the annual report for fiscal 2021, the Greek factory is one of the largest integrated producers of soaps and hotel cosmetics in Europe, with a high level of automation and competitive costs. The company made significant investments across all four categories.
The factory's vertical integration is a central element of the business model, as it allows control over quality and production costs. The report notes that most planned investments aimed at higher productivity, new product launches and expanded storage space, with the stated goal of reducing operating costs.
The company also emphasises environmental matters: as the report for 2021 indicates, a significant part of its electricity comes from renewable sources, and packaging uses recycled or recyclable materials. Papoutsanis is a member of and holds RSPO certification for palm oil, and for part of its cosmetics range it holds ECOCERT COSMOS certifications.
Segments
Own-brand consumer products
The own-brand category, where according to the 2021 report the company intended to expand its range, enter new categories and strengthen its presence in shops. It is the segment that depends most on brand image and promotional campaigns.
Hotel products
Soaps and cosmetics for accommodation establishments. The 2021 report shows management expected this segment to return at least to 2019 levels as the effects of the pandemic eased, a factor directly tied to tourism dynamics.
Production for third parties
Manufacturing of products for external customers, mainly multinational companies. The annual report indicates the intention to extend these collaborations to new products and customers. Soap noodles, the basic raw material for soaps, are part of the same production ecosystem.
Market context
The market in which Papoutsanis operates covers soaps, cosmetics and hotel products, where tourism and distribution chains play an important role. The 2021 report shows that in the second half of 2021 raw material prices rose compared with 2020, while energy reached historic levels, which affects margins across the sector.
Demand also depends on the recovery of tourism after the pandemic, but the report warns that geopolitical developments in the Ukraine region make the final impact difficult to estimate. If these cost pressures persist, producers with integrated production could have a cost advantage, but also greater exposure to energy prices.
Trends
- Tourism recoverytailwind
The 2021 report considers that the hotel sector could return to 2019 levels as the pandemic eases. If the recovery is confirmed, demand for hotel products could rise.
- Rising raw material costsheadwind
According to the report, raw material prices rose from the second half of 2021 due to bottlenecks in production, transport and logistics. If the pressure persists, margins across the sector could be affected.
- Energy and geopolitical riskheadwind
The report describes energy prices as at historic highs and notes that developments in the Ukraine region make an estimate of the final impact impossible at the time of writing. As an energy-intensive producer, the company is exposed to this risk.
- Automation and efficiencymixed
Investment in automation, high energy-efficiency equipment and CIP cleaning systems is presented as a means of reducing costs and water consumption. If these investments deliver the expected effects, they could support margins over the medium term.
Competitive position
The sources analysed do not explicitly name competitors. The report only mentions that some basic soap noodles cannot be covered by imports from Malaysia and Indonesia due to transport costs and delays, suggesting Asian suppliers are a relevant alternative for the market.
The company's stated advantage is its European positioning: proximity to the market, control of production and the ability to meet the needs of the European market for basic materials. However, it cannot preserve margins through cost alone if price pressures persist or if imports become more competitive.
- Asian soap noodle producers (Malaysia and Indonesia)
Mentioned in the report as sources of basic soap noodles whose delivery to Europe was affected by transport costs and delays.
- Suppliers of raw materials and recycled packaging
The report shows the company works with certified suppliers of oils, recycled packaging and plant materials. Competition in these markets can influence costs.
- Other European soap and hotel cosmetics producers
The sources do not name them, but describing the factory as one of the largest in Europe implies direct rivals in the same segment.
- International cosmetics and consumer product brands
The report describes plans to strengthen the presence of own brands in shops. Competition with international brands on the same shelves is implicit.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202122 Oct 2026
Sources
- [1] Annual report, fiscal year ended 2021-12-31 (ESEF) · SEC / ΠΑΠΟΥΤΣΑΝΗΣ Α.Β.Ε.Ε. · 31 Dec 2021
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.