VARVARESSOS S.A.

Financial Results 2010

VARVARESSOS S.A. turnover during 2010 reached 21,84 million EURO compared to 19,19 million EURO in 2009. The company's exports came up to 14,12 million EURO. Losses before depreciation (EBITDA) have reached 2,68 million EURO contrary to 3,93 million EURO losses in 2009. Losses before taxes have reached 4,00 million EURO contrary to losses 5,53 million EURO at the same period last year. Losses after taxes reached 4,12 million EURO compared to losses 5,65 million EURO in 2009.
The aforementioned statements are posted at the company's website www.varvaressos.gr