AB Vasilopoulos: Turnover grew 13.7 pct to 1.6 billion euros in the January-September period

AB Vasilopoulos on Thursday said its turnover grew 13.7 pct to 1.6 billion euros in the January-September period this year, compared with the same period in 2015.

In an announcement, the company said its turnover grew despite official data released by Hellenic Statistical Authority showing a significant decline in food store turnover during the year, as AB Vasilopoulos continued raising its market shares, boosting its leading position in the Greek market.

The company said it was one of the largest employers in the country with more than 13,800 workers, while its investment plan was worth 54 million euros in the first nine months of 2016. AB Vasilopoulos invested 260 million euros in the 2013-2015 period and has created 871 new job positions this year and 1,913 new job positions in the three-year period.

Leonidas Vrettakos, CEO, said: “A big thanks to our people, AB workers for their daily effort, the foundation and inspiration behind our every move. Also, a big thanks to our customers for the continuing confidence they show to us. Our relation, created by Gerasimos Vasilopoulos 78 years ago, still remains alive and it is based on trust and respect”.