With its gaze fixed on a new era, Petros Petropoulos is moving forward, with the management giving at the General Assembly the outline of a company that remains strong in its traditional fields, but is now seeking greater diversification, through its own products and entry into new markets.
The CEO Theodoros Anagnostopoulos noted that 2025 moved slightly lower than the historic highs of 2024, but was the second-best year in the company’s history, both in sales and profitability. The group’s turnover amounted to 231 million euros, while investments approached 5 million euros, with emphasis on digital transformation, the development of Ecoshift, the upgrading of storage spaces, and building infrastructure.
The pressures and the sectors that stood out
Mr. Anagnostopoulos also referred to the difficulties of the year. Jaguar Land Rover was affected by the cyberattack that had led to a production halt at the parent company, while KTM faced the effects of the Pierer Mobility group crisis, due to inventory accumulation and lack of liquidity. According to the management, the workflow is gradually being restored.
On the other hand, strong performances were recorded by Scania trucks, Isuzu, and generators for industrial facilities. At the same time, the company completed the transfer of a significant part of its activities to Mandra, in the context of the changes connected with the Double Redevelopment in Votanikos, while it also proceeded with the change of information system, a project which, as was said, was necessary but operationally demanding.
The importance of Ecoshift
Taking the floor, executive chairman Michalis Oikonomakis attached great importance to the shift the company is attempting through Ecoshift. As he stated, Petros Petropoulos is moving from the model of a purely commercial company to an activity with production and its own product.
It is recalled that at the Metamorfosi unit, production of the first Greek electric two-wheeler NOOS began in October 2025. In fact, the company won a tender from ELTA, while a second part is to follow. According to Mr. Oikonomakis, the feedback from the vehicle’s use confirms that the company is moving in the right direction.
The next move concerns the L1 category of NOOS (that is, without a license), with the management seeing prospects such as use in hotel units, where charging stations can be set up and the user can take the vehicle through an application for transportation in the city.
Elliniko, islands and energy
On the micromobility front, the company already has a presence at Ellinikon Sports Park, through cooperation with Lamda, with the aim of building a sustainable mobility model in the city of Elliniko.
At the same time, Ecoshift is also developing energy storage solutions, in cooperation with Microsun for photovoltaics and batteries, targeting small units and islands. The first venture mentioned was in the Cyclades and specifically in Paros.
The company has also sent a battery to Nigeria, so that it can operate in combination with generators, as part of the export opening it is attempting in the market.
The new markets
Mr. Oikonomakis’s reference to changes in the automotive sector was also of interest. As he said, the model of the traditional importer is changing, as the market is gradually shifting from ownership to use, through leasing, subscriptions, and new schemes. In fact, he did not rule out the possibility that the company may also engage in the retail segment, something it had previously avoided.
At the same time, he noted that the company “is doing well,” but wants to “step elsewhere too,” seeing opportunities beyond defense, a sector which, as he stressed, “is flourishing today but will not last forever,” in markets such as components for medical machines.
Dividend, treasury shares and new Board of Directors
The General Assembly approved the distribution of a dividend of 0.35 euros per share. The ex-dividend date will be July 20, the record date July 21, and payment will begin on July 27. As Mr. Oikonomakis stated, the dividend policy aims at maintaining a strong relationship of equity to liabilities, but also at rewarding shareholders, with the company having distributed 13 million euros over the last four years.
A treasury share purchase program of up to 10% of the share capital was also approved, with a duration of 24 months, with a price range from 1 to 10 euros per share.
At the same time, a new nine-member Board of Directors was elected, comprising Theodoros Anagnostopoulos, Arianni Velissaropoulou, Athanasios Drogosis, Nikolaos Empeoglou, Ioannis Katsouridis, Kleopatra Kyriazi, Konstantinos Manos, Michalis Oikonomakis, and Ioannis Filiotis.