Papoutsanis S.A. announced earnings results for the year 2017. During 2017 company turnover increased significantly by 15.2%. Turnover amounted to EUR 20.8 million versus EUR 18 million in 2016. Turnover growth is attributed to sales growth in foreign markets, as well as in the Greek market. Earnings before taxes amounted to EUR 538,600 versus EUR 119,700 in 2016, while earnings after taxes amounted to EUR 420,400 versus losses of EUR 50,400 in 2016. In the 2017-2018 period total CAPEX will be approximately EUR 3.7 million and will include a new automatic filling line for retail size bottles

The forecast remains positive for 2018 with an expected double digit annual turnover growth.