Chaitoglou Brothers: Surpassed the milestone of 100 million euros
Chaitoglou Brothers has exceeded 100 million euros in turnover but is adjusting their forecasts for this year to be more realistic due to economic pressures.
Chaitoglou Brothers has recently announced that they have surpassed a significant turnover milestone of 100 million euros during the previous financial year, reflecting their strong export orientation. However, the company is adopting a more cautious approach for the current year as they anticipate pressures on disposable incomes and fragile consumer demand will require them to set more realistic targets. The President of the company, Eleftherios Chaitoglou, indicated that while revenues have shown a stable increase in recent years and their presence in international markets has strengthened, they must now prioritize maintaining this momentum under challenging economic conditions.
Currently, exports account for 52.7% of the company's total turnover, with expectations for 2025 predicting a further increase to 103.5 million euros, marking a 3.5% rise compared to the previous year. This projection, while positive, falls short of earlier forecasts due to various pressures affecting the key opportunities of the business. The company’s strategy now emphasizes adaptability and resilience as they navigate an unpredictable market landscape, while still focusing on expanding their international presence.
The outlook suggests that while Chaitoglou Brothers has achieved significant operational success, the ongoing economic volatility necessitates a shift in strategy to ensure sustainable growth and profitability. As they adjust their expectations, the emphasis will likely be on refining their business models to withstand the impact of broader economic trends affecting consumer behavior and demand.