Varteks d.d. reduces loss and generates growth in total revenues and exports in the first nine months of 2011

"The positive developments in business are the result of measures carried out within the
framework of the Integral Business and Financial Restructuring Plan. Higher sales and export
revenues as well as better business results indicate that Varteks managed to partially
alleviate the negative impact of the crisis on the company’s operations through its own
activities. It has to be pointed out that crisis management in the real sector was significantly
slowed down and does not sufficiently follow the necessary economic recovery dynamic,
which also slowed down the planned effects of the company’s business restructuring.
Our plans for the future are aimed at completing the restructuring but also at development,
and in line with this we expect the realization of Model C, which is very important for the
company’s financial consolidation and further business development", said Zoran Košćec at a press conference today held on the occasion of the presentation of the Company's business results with significant progress achieved in the first nine months of 2011.

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