According to the company’s financial results, there was a notable increase in the contribution of services to total revenue, rising from 24% to 27%.
Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) stood at €365 thousand. The decline in EBITDA resulted from lower sales, due to the postponement or delay of projects in both the private and public sectors, as well as from higher costs associated with employee mobility within the company.
The company’s bottom line was negative, with losses after tax amounting to €459 thousand, compared to a profit of €62 thousand in the previous year.
CPI has been active in the information technology sector for over 30 years, maintaining a leading position as a distributor of technology products, solutions, and value-added services. The company offers an extensive portfolio of solutions in Printing, Scanning, POS, Projection, IP Surveillance, Data Storage, Auto-ID, Smart Lighting, and Unified Communications. At the same time, it provides managed print services, digitization, and technical support, serving major Greek and international organizations under SLA agreements or customized projects.
