Reported Earnings • May 06
Full year 2025 earnings released: €0.021 loss per share (vs €0.023 profit in FY 2024) Full year 2025 results: €0.021 loss per share (down from €0.023 profit in FY 2024). Revenue: €22.8m (down 19% from FY 2024). Net loss: €743.8k (down 193% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • May 06
New major risk - Revenue and earnings growth Earnings have declined by 34% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 34% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€10.6m market cap, or US$12.5m). New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€11.4m market cap, or US$13.4m). New Risk • Oct 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 95% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€12.2m market cap, or US$14.3m). Reported Earnings • May 05
Full year 2024 earnings released: EPS: €0.023 (vs €0.068 loss in FY 2023) Full year 2024 results: EPS: €0.023 (up from €0.068 loss in FY 2023). Revenue: €28.2m (down 1.8% from FY 2023). Net income: €801.6k (up €3.17m from FY 2023). Profit margin: 2.8% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Earnings have declined by 44% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€10.4m market cap, or US$11.8m). New Risk • Jan 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Greek stocks, typically moving 6.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.4% average weekly change). Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€12.8m market cap, or US$13.3m). Reported Earnings • Oct 06
First half 2024 earnings released: EPS: €0.003 (vs €0.007 loss in 1H 2023) First half 2024 results: EPS: €0.003 (up from €0.007 loss in 1H 2023). Revenue: €13.9m (down 6.4% from 1H 2023). Net income: €107.8k (up €363.5k from 1H 2023). Profit margin: 0.8% (up from net loss in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • May 05
Full year 2023 earnings released Full year 2023 results: Revenue: €28.7m (up 11% from FY 2022). Net loss: €2.37m (down 397% from profit in FY 2022). New Risk • May 05
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (€12.0m market cap, or US$13.0m). New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (€11.8m market cap, or US$12.6m). Buying Opportunity • Oct 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €0.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 21%. New Risk • Jul 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 4.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (€14.7m market cap, or US$16.2m). New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (€12.6m market cap, or US$13.5m). Announcement • Jun 02
Dromeas SA, Annual General Meeting, Jun 30, 2023 Dromeas SA, Annual General Meeting, Jun 30, 2023, at 12:00 E. Europe Standard Time. Buying Opportunity • Jan 09
Now 20% undervalued Over the last 90 days, the stock is up 4.0%. The fair value is estimated to be €0.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Dec 09
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €0.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non Executive Director Panagiotis Panagiotakaki was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: €0 (vs €0.003 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €11.7m (up 31% from 1H 2021). Net income: €449.5k (up 400% from 1H 2021). Profit margin: 3.8% (up from 1.0% in 1H 2021). The increase in margin was driven by higher revenue. Announcement • Jun 01
Dromeas SA, Annual General Meeting, Jun 21, 2022 Dromeas SA, Annual General Meeting, Jun 21, 2022, at 12:00 E. Europe Standard Time. Location: the offices of the Company in Industrial Area of SERRES GR 62121 Municipal Section Lefkonas at the Municipality of Serres Serres Greece Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Vice-Chairman Grigorios Zarotiadis was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
First half 2021 earnings released: EPS €0.003 (vs €0.011 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: €8.96m (down 9.5% from 1H 2020). Net income: €90.0k (down 77% from 1H 2020). Profit margin: 1.0% (down from 4.0% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 01
Full year 2020 earnings released: EPS €0.022 (vs €0.012 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €21.0m (up 19% from FY 2019). Net income: €751.0k (up 81% from FY 2019). Profit margin: 3.6% (up from 2.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 18
New 90-day high: €0.45 The company is up 29% from its price of €0.35 on 18 September 2020. The Greek market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 21
New 90-day high: €0.45 The company is up 53% from its price of €0.29 on 21 August 2020. The Greek market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 9.0% over the same period. Is New 90 Day High Low • Oct 12
New 90-day high: €0.39 The company is up 29% from its price of €0.30 on 14 July 2020. The Greek market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 5.0% over the same period.