Financial results for the 6-month period of 2017

Date: 29.09.2017

Financial results for the 6-month period of 2017

VARVARESSOS S.A. turnover during the 6-month period of 2017 reached 10,73 million EURO contrary to 10,22 million EURO in the same period of 2016. The company’s exports came up to 7,03 million EURO which is 66% of the revenues. Losses before depreciation (EBITDA) have reached 263 thousand EURO contrary to profits 572 thousand EURO during the same period of 2016. Losses after taxes reached 1,07 million EURO compared to losses 572 thousand EURO in the 6-month period of 2016 and were affected negatively by the new product blend due to the new business plan.

The aforementioned statements are posted at the company’s website www.varvaressos.gr.

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