The company's turnover during the 9-months period of 2011 amounted to 14,9 million EURO in comparison to 15,9 million EURO in the same period of 2010, a decrease of  6%. The company's gross margin amounted to 0.96 million EURO against 0,41 million EURO in previous year's corresponding period, mainly affected by the reduced production cost. The company's exports increased from 10.3 million EURO to 10.8 million EURO which corresponds to 72,6% of the total sales. The company's EBITDA amounted to -1,84 million EURO in comparison to -3.15 million EURO in previous year's corresponding period. Loss after taxes reached 1,84 million EURO in comparison to 3.26 million EURO in the same period of 2010, resulting to a loss per share € 0.1789.

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