Space Hellas increases turnover by 23.8% and earnings by 18% in 2017

The Annual General Meeting of the Shareholders of Space Hellas was held on Wednesday, June 27th, with the participation of the 91.47% of the company's shareholders.

During the AGM, the items of the Agenda were presented in detail and were voted in favour by the overwhelming majority of the major shareholders, executives and several other shareholders.

The company's Chief Financial Officer, Mr. Ioannis Doulaveris, referring to the company's financial results, said: "The year 2017 was a particularly important year, as the company increased its turnover by 23.8%, generating a sales record since its establishment. Also important was the increase in earnings before taxes by 18%, which amounted to € 1,652 thousand while profits after taxes increased to € 1,114 thousand. It is also noteworthy that in 2017, both the company and the Space Hellas Group further improved their financial ratios a fact that reflects their ability to access funds necessary for their investment plans."

The CEO of Space Hellas, Dr. Ioannis Mertzanis, referring to the company's progress, said: "The effort to expand our product solutions and our clientele has been fruitful. The company has been investing steadily over the past years in the field of IT systems, and integrated IT and software solutions. The strategy of expanding our activities in foreign markets continues to be driven by the undertaking of projects that exploit our skills and goodwill."

The Chairman of the Board of Directors of Space Hellas, Spyridon D. Manolopoulos, stated: "The vote on the annual results of 2017 affirms the strategy we have been pursuing over the last years with emphasis on products and high added value products and services to our customers. In the past year, we achieved to be fully consistent with our obligations and to maintain a relationship of trust with our associates and suppliers in Greece and abroad, overcoming country risk obstacles. Space Hellas is steadily pursuing its course aiming at enhanced profitability, while maintaining its commitment to its commercial goal, and creates business opportunities that match its philosophy."