Professor George Avlonitis, President of the Greek Academy of Marketing, delivers the award
to Novastar’s Chief Financial Advisor, Mr Ioannis Charalambides.
Novastar was awarded as “Greek Business Champion” in the framework of the “Protagonists of the Greek Economy 2018” which organized for a 4th consecutive year by the Direction Business Network under the auspices of the Ministry of Finance & Growth, the Hellenic Federation of Enterprises (SEV) as well as the support of Piraeus Bank.
The award-winning ceremony took place on Monday 11th of June 2018 at Athens Concert Hall and attended by more than
600 senior executives of the Greek corporate community. This event was dedicated to the most successful Greek companies
which despite the crisis environment managed to not only survive but to also grow strong and remain profitable, supporting
at the same time the Greek economy.
Novastar Ltd is one of the fastest growing companies of Consumer Electronics in Europe. Between 2015 and 2016 the Company’s turnover increased at a ratio of 122.32% (2015 €6.23m – 2016 €14m). At the same time, the Company’s profits increased by more than 200% (2015 €67.000 – 2016 €202.000).
Mr Ioannis Charalampides, Novastar’s Chief Financial Advisor, with the acceptance of the above award stated the following:
«We are honoured and proud to receive this award which was based in pure financial results, thus confirming the efforts of
the Management team and the success of our Company. We are committed to continuing our efforts for sustainable growth
and profitability. Our 2017 results continued to grow, and our turnover reached €19.6m whereas our profitability exceeded
€300.000. Q1 2018 results are even more promising and this will enable us to accomplish one of our major targets which are
the expansion to Asia’s emerging market».
Video Awards: https://youtu.be/8lvhrffkrFA