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GD         Turnover  mln.

Petropoulos: Q1 2011 Financial Results


Group invoiced sales increased by 9% to € 14,4 mio (€13,3 mio in 2010). Net profit after tax and minority rights were € -519 thousand (563 thousand in 2010).

Sales of the Vehicles Division (Truck & Bus, Isuzu and Land Rover Business Units) decreased by 18,6% while Automotive Machinery Division sales, (Petrogen generating sets, Engines & Boats, McCormick Agricultural Equipment, Industrial Equipment, Shell Lubricants and PMS Batteries
Business Units) increased by 38%, mainly because 2010 sales included only one month of Shell.

*The full report is attached.

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