2024 closed with positive growth rates for ETANAP - Samaria, as explained to FnB Daily by the Chairman of the Board of Directors of the company, Manolis Apostolakis. He explained that the previous fiscal year officially closes in the middle of next month, when the report of the auditors, who will be at the offices of the Chania-based bottling company, will be completed. Early estimates point to double-digit growth, both in volume and sales value, stressing that management's choice not to go ahead with price increases has resulted in "consumer confidence in Samaria water," increasing sales volumes.

SIGNIFICANT GROWTH IN EXPORTS

The growth is in total sales, both in Greece and abroad, with the President of ETANAP stressing that exports have performed much better than in 2023.

Most of the company's sales volume is directed to Cyprus, which, along with the US, is its main market.

This year, ETANAP is expected to focus on expanding its presence in the Middle East as well. According to Mr. Apostolakis, high transport costs are something that concerns the company, but its intention is to ensure that these are secured through stable partnerships and repeatable orders.

INFO—EXPORTS

• Malta
• Germany
• Libya
• France
• Poland
• America
• Canada
• Saudi Arabia
• Bahrain
• Dubai
• Arab Emirates

INVESTMENT

An investment project of €5,688,500 has recently been included in the aid scheme "Manufacturing - Supply Chain" (B' cycle) of the Development Programme, which concerns the expansion of the capacity of an existing plant in the area of Stylou, Chania. Mr. Apostolakis said that this is an investment that has not yet started to be implemented since the delivery time of the machinery that will develop the capacity is from 8 to 10 months. 

However, he noted that the management's desire is to start this year.

Asked about the progress of the proposal for the acquisition of the majority stake in ETANAP by Attica Group, as expressed in the company's General Assembly, postponed from 25/8, on Saturday 14 September, Mr. Apostolakis stressed that "the shareholder backed down.".

However, as FnB Daily is informed, the Attica side continues to buy shares as normal... a fact that can only be interpreted as a retreat by those who know the persons and procedures.