Financial results 2017

Date 30.04.2018

Financial results 2017

VARVARESSOS S.A. turnover during 2017 reached 19,35 million EURO compared to 18,97 million EURO in 2016, an increase of 2%. The company’s exports came up to 13,40 million EURO which is 69,25% of the revenues. Losses before depreciation (EBITDA) have reached 287,99 thousand EURO contrary to losses 217,26 thousand EURO during the same period of 2016. Gross margin was positive at 802,24 thousand EURO vs. 910,61 thousand EURO of the previous year. Losses after taxes reached 2,27 million EURO compared to losses 1.96 million EURO in 2016.

The aforementioned statements are posted at the company’s website

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