New Risk • May 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 52% 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 Risks Interest payments are not well covered by earnings (1.4x net interest cover). Earnings have declined by 57% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€9.32m market cap, or US$10.8m). Announcement • Apr 28
Kordellos Ch. Bros S.A., Annual General Meeting, Jun 23, 2026 Kordellos Ch. Bros S.A., Annual General Meeting, Jun 23, 2026. 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 Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 41% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (€9.61m market cap, or US$11.3m). New Risk • Mar 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.60m (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (€8.60m market cap, or US$9.85m). New Risk • May 21
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€8.91m market cap, or US$10.1m). 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 Interest payments are not well covered by earnings (0.3x net interest cover). Market cap is less than US$10m (€8.77m market cap, or US$9.99m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Oct 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.66m (US$9.59m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Market cap is less than US$10m (€8.66m market cap, or US$9.59m). Announcement • Sep 02
Kordellos Ch. Bros S.A. to Report Q2, 2024 Results on Sep 30, 2024 Kordellos Ch. Bros S.A. announced that they will report Q2, 2024 results at 1:00 PM, GTB Standard Time on Sep 30, 2024 New Risk • Jun 14
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 5.2% 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 (0.4x 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 (5.2% average weekly change). Market cap is less than US$100m (€10.3m market cap, or US$11.0m). Announcement • Apr 27
Kordellos Ch. Bros S.A. to Report Fiscal Year 2023 Results on Apr 30, 2024 Kordellos Ch. Bros S.A. announced that they will report fiscal year 2023 results on Apr 30, 2024 New Risk • Apr 16
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 (0.4x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€11.5m market cap, or US$12.2m). New Risk • Dec 07
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 6.2% 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 (0.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (€14.2m market cap, or US$15.3m). New Risk • Sep 15
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: 4.4% Last year net profit margin: 8.0% 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 Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (€11.9m market cap, or US$12.7m). Announcement • Sep 01
Kordellos Ch. Bros S.A. to Report First Half, 2023 Results on Sep 29, 2023 Kordellos Ch. Bros S.A. announced that they will report first half, 2023 results on Sep 29, 2023 New Risk • Jul 21
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 5.7% 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (€14.9m market cap, or US$16.5m). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 02
First half 2022 earnings released: EPS: €0.16 (vs €0.16 in 1H 2021) First half 2022 results: EPS: €0.16 (down from €0.16 in 1H 2021). Revenue: €29.1m (up 2.9% from 1H 2021). Net income: €3.36m (down 2.8% from 1H 2021). Profit margin: 12% (in line with 1H 2021). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 01
Kordellos Ch. Bros S.A. to Report First Half, 2022 Results on Sep 30, 2022 Kordellos Ch. Bros S.A. announced that they will report first half, 2022 results on Sep 30, 2022 Upcoming Dividend • Aug 30
Upcoming dividend of €0.02 per share Eligible shareholders must have bought the stock before 06 September 2022. Payment date: 12 September 2022. The company last paid an ordinary dividend in April 2017. The average dividend yield among industry peers is 9.6%. Announcement • Jun 01
Kordellos Ch. Bros S.A., Annual General Meeting, Jun 29, 2022 Kordellos Ch. Bros S.A., Annual General Meeting, Jun 29, 2022. Reported Earnings • May 04
Full year 2021 earnings released: EPS: €0.20 (vs €0.036 in FY 2020) Full year 2021 results: EPS: €0.20 (up from €0.036 in FY 2020). Revenue: €54.5m (up 43% from FY 2020). Net income: €4.34m (up 467% from FY 2020). Profit margin: 8.0% (up from 2.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS €0.036 (vs €0.045 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €38.1m (up 1.5% from FY 2019). Net income: €764.7k (up €1.72m from FY 2019). Profit margin: 2.0% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 17
New 90-day high: €0.26 The company is up 34% from its price of €0.19 on 18 September 2020. The Greek market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 25% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: €0.21 The company is up 14% from its price of €0.19 on 21 August 2020. The Greek market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 39% over the same period.