Varvaressos S.A. European Spinning Mills announced earnings results for the year 2014. For the year, the company's turnover reached EUR 16.3 million compared to EUR 17.8 million in 2013. Profits before depreciation (EBITDA) have reached EUR 2.24 million contrary to profits EUR 11.5 million during the same period of 2013.

Profits after taxes reached EUR 0.7 million compared to profits EUR 9.5 million in 2013.