New Risk • Jun 05
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: 15% Last year net profit margin: 293% 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: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (15% net profit margin). New Risk • Jun 04
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 5.9% 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. New Risk • Apr 04
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 Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. New Risk • Jan 16
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 4.5% 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 Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.30, the stock trades at a trailing P/E ratio of 29.1x. Average trailing P/E is 13x in the Specialty Retail industry in Greece. Total returns to shareholders of 334% over the past three years. Board Change • Oct 26
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 Director Theodoros Karavias 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. Announcement • Sep 19
Evropi Holdings Societe Anonyme (ATSE:EVR) acquired remaining 60% stake in Amyna Insurance Brokers Personal Company. Evropi Holdings Societe Anonyme (ATSE:EVR) acquired remaining 60% stake in Amyna Insurance Brokers Personal Company in the first half of 2025. Evropi Holdings Societe Anonyme now hold 100% stake in Amyna Insurance Brokers Personal Company.
Evropi Holdings Societe Anonyme (ATSE:EVR) completed the acquisition of remaining 60% stake in Amyna Insurance Brokers Personal Company in the first half of 2025. Announcement • Jul 29
Evropi Holdings Societe Anonyme, Annual General Meeting, Aug 27, 2025 Evropi Holdings Societe Anonyme, Annual General Meeting, Aug 27, 2025, at 12:00 W. Europe Standard Time. Location: peania, attica, at 19th km markopoulou avenue, building b7 (amphitheatre), Sweden Announcement • Apr 07
Evropi Holdings Societe Anonyme, Annual General Meeting, Jun 05, 2025 Evropi Holdings Societe Anonyme, Annual General Meeting, Jun 05, 2025. New Risk • Mar 31
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 Earnings have declined by 9.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m (€22k revenue, or US$24k). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (4.5% average weekly change). New Risk • Mar 13
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 4.2% 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 Risks Earnings have declined by 9.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m (€22k revenue, or US$24k). Minor Risk Share price has been volatile over the past 3 months (4.2% average weekly change). New Risk • Jan 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 115% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m (€22k revenue, or US$23k). New Risk • Nov 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 4.2% 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 Risks Earnings have declined by 9.5% per year over the past 5 years. Revenue is less than US$1m (€22k revenue, or US$24k). Minor Risks Share price has been volatile over the past 3 months (4.2% average weekly change). Market cap is less than US$100m (€57.5m market cap, or US$61.6m). Reported Earnings • Sep 18
First half 2024 earnings released: €0.037 loss per share (vs €0.004 profit in 1H 2023) First half 2024 results: €0.037 loss per share (down from €0.004 profit in 1H 2023). Net loss: €1.47m (down €1.65m from profit in 1H 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 126 percentage points per year, which is a significant difference in performance. Announcement • Sep 11
I.Kloukinas-I.Lappas S.A. to Report First Half, 2024 Results on Sep 12, 2024 I.Kloukinas-I.Lappas S.A. announced that they will report first half, 2024 results on Sep 12, 2024 New Risk • Jun 26
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: €46k (US$49k) This is considered a major risk. Companies with a small amount of revenue 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 Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m (€46k revenue, or US$49k). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (€61.3m market cap, or US$65.5m). Announcement • May 03
I.Kloukinas-I.Lappas S.A., Annual General Meeting, May 28, 2024 I.Kloukinas-I.Lappas S.A., Annual General Meeting, May 28, 2024, at 11:00 E. Europe Standard Time. Location: PAIANIA ATTICA, 19th KM. MARKOPOULOU AVE., BUILDING COMPLEX B, BUILDING B7, AMPHITHEATER Paiania Greece New Risk • Apr 05
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 Earnings have declined by 25% per year over the past 5 years. 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 (6.7% average weekly change). Market cap is less than US$100m (€62.3m market cap, or US$67.5m). New Risk • Nov 24
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 6.0% 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 Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (€51.7m market cap, or US$56.5m). Announcement • Sep 07
I.Kloukinas-I.Lappas S.A.(ATSE:KLM) dropped from ATHEX Composite Index I.Kloukinas-I.Lappas S.A. has been removed from ATHEX Composite Index. New Risk • Jul 28
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 Risk Market cap is less than US$100m (€39.6m market cap, or US$43.5m). Announcement • Jun 01
I.Kloukinas-I.Lappas S.A., Annual General Meeting, Jun 14, 2023 I.Kloukinas-I.Lappas S.A., Annual General Meeting, Jun 14, 2023. 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. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Vice Chairman & CEO Loukas Spentzaris was the last director to join the board, commencing their role in 2014. 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: €0.01 loss per share (vs €0.024 profit in 1H 2021) First half 2022 results: €0.01 loss per share (down from €0.024 profit in 1H 2021). Revenue: €13.1m (up 3.3% from 1H 2021). Net loss: €411.9k (down 143% from profit in 1H 2021). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 22
Upcoming dividend of €0.024 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Greek dividend payers (5.1%). Lower than average of industry peers (7.1%). Announcement • Jul 01
I.Kloukinas-I.Lappas S.A., Annual General Meeting, Jul 07, 2022 I.Kloukinas-I.Lappas S.A., Annual General Meeting, Jul 07, 2022, at 13:00 E. Europe Standard Time. Location: 2 Omirou Street & Teo Street Tavros Greece 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. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Vice Chairman & CEO Loukas Spentzaris was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Jul 15
Upcoming dividend of €0.02 per share Eligible shareholders must have bought the stock before 22 July 2021. Payment date: 28 July 2021. Trailing yield: 2.8%. Lower than top quartile of Greek dividend payers (3.8%). Higher than average of industry peers (2.3%). Reported Earnings • May 04
Full year 2020 earnings released: €0.045 loss per share (vs €0.028 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: €23.3m (down 14% from FY 2019). Net loss: €1.82m (loss widened 61% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 17
New 90-day high: €0.59 The company is up 15% from its price of €0.52 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 Specialty Retail industry, which is down 9.0% over the same period. Announcement • Dec 03
I.Kloukinas-I.Lappas S.A., Annual General Meeting, Dec 07, 2020 I.Kloukinas-I.Lappas S.A., Annual General Meeting, Dec 07, 2020, at 11:00 E. Europe Standard Time. Is New 90 Day High Low • Nov 19
New 90-day high: €0.57 The company is up 7.0% from its price of €0.53 on 20 August 2020. The Greek market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: €0.47 The company is down 10.0% from its price of €0.52 on 29 July 2020. The Greek market is down 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is down 21% over the same period. Reported Earnings • Oct 05
First half earnings released Over the last 12 months the company has reported total losses of €1.41m, with losses widening by 302% from the prior year. Total revenue was €25.5m over the last 12 months, down 5.5% from the prior year. 
