VARVARESSOS S.A. turnover during the 6-month period of 2021 reached 4,095 million EURO contrary to 3,825 million EURO in the same period of 2020, increased by 7,06%. The company's exports came up to 4,03 million EURO (98,5% of the total revenues). Losses before depreciation (EBITDA) have reached -1,456 million EURO contrary to losses -1,586 million EURO during the same period of 2020. The company's result was formed in losses of -2,45 million EURO for 2021 compared to losses of -3,19 million EURO in the corresponding period of the previous year.

The Company is in contact and discussions with strategic investors and investment funds for the financing of the Company.

After the completion of the business plan and the expected financing of a new investor, the Company, according to the Independent Business Plan (IBR) by Grant Thornton, will have a new sustainable perspective by penetrating new, innovative, niche markets, and also a financing stability, liquidity and profitability.

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

Attachments

  • Original document
  • Permalink

Disclaimer

Varvaressos SA published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 14:11:01 UTC.