Papoutsanis posted broadly stable first-quarter results for 2026, with turnover at €16.5 million, just 1% below the €16.7 million reported a year earlier. Exports remained the backbone of the business, representing 55% of total revenue.
Gross profit came in at €5.5 million, down from €5.8 million, while the gross margin eased to 33.5% from 34.9%. EBITDA declined to €2.1 million from €2.3 million, and net profit slipped 6% to €1.1 million.
The branded products division was the standout, growing 21% year on year on the back of a broader portfolio and stronger demand in home care. Sales in home care rose 46%, while personal care continued to expand with 8% growth.
Hotel products were softer overall, down 19% due to a tougher comparison base, though Papoutsanis-branded hotel items were close to flat at minus 3%. Third-party products, including industrial sales and private label, fell 3%, while industrial soap bases dropped 12% because of product mix.
Management kept its 2026 guidance unchanged, as it said progress will depend on the broader macroeconomic and geopolitical environment, but it sees positive momentum in the rest of the year.
