Kostilatas Springs SA is focusing on long-term sustainability and secure growth, closing another year with losses.

Specifically, the turnover of the natural mineral water bottling company saw a 16.7% increase however, pre-tax results were unfavorable for the fiscal year 2022, as was the case in 2021.

The management of the company, based in Arta, emphasizes in the financial statements that the previous fiscal year was significantly affected by the impacts of the pandemic, as well as the increased cost in the wholesale electricity market due to the rise in natural gas prices.

This year, the management anticipates better results in order to facilitate the company's growth and, to the extent possible, mitigate business risks through specific tactics it follows. The primary goal and purpose are more focused on the secure development of the company and less on maximizing profitability, as emphasized, aiming to achieve and ensure its long-term stability.

It's worth mentioning that transactions are covered by current liquidity, while the company strives to consistently handle its financial transactions. The ongoing efforts of the management to reduce operating costs will contribute to further strengthening the company's capital structure and efficiency.

Kostilatas Springs SA was established in 2007, and since 2011, it has been exclusively engaged in bottling and distributing natural mineral water. The company primarily distributes its products in Epirus, Corfu, and Attica, aiming for gradual coverage across the whole of Greece and international markets such as:

• Germany
• Cyprus
• Albania
• China
• the United Arab Emirates
• Saudi Arabia