Varvaressos European Spinn Mills reported earnings results for the year 2012. For the year, the company's turnover during reached EUR 15.28 million in comparison to EUR 17.60 million in 2011. Negative EBITDA amounted to EUR 1.94 million in comparison to EUR 4.768 million in previous year's corresponding period.

Loss after taxes amounted to EUR 4.33 million contrary to EUR 3.55 million in 2011.