AS MADARA announced unaudited consolidated turnover for the first quarter of 2018. For the quarter, the company reported amounts to EUR 0.002444 million, which continues the upward trend of the previous years with 27% increase over the respective period last year. The increase was mainly achieved by successfully continuing work in the existing markets. The fastest growth was observed in the countries within the European Union, where turnover increased by 38% (excluding Latvia); the growth has been also strong in Latvia – with 25% increase; while sales outside the European Union fell by 4% in comparison to the first quarter of 2017.

For 2018, the company expects maintaining turnover forecast of EUR 10 million for 2018.