Financial results 2013

Date: 31.03.2014

Financial results 2013

VARVARESSOS S.A. turnover during 2013 reached 17,84 million EURO compared to 15,28 million EURO in 2012. The company’s exports came up to 11,67 million EURO which is 65,42% of the revenues. Profits before depreciation (EBITDA) have reached 11,50 million EURO contrary to losses 1,94 million EURO during the same period of 2012. Profits after taxes reached 9,47 million EURO compared to losses 4,33 million EURO in 2012.
The company’s results were affected positively thanks to the collection of Restructural Aid of 14.000.000 EURO on 28.06.2013, which were allocated to lending banks to reduce long-term debt of the company.
The aforementioned statements are posted at the company’s website www.varvaressos.gr.

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