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Adveo announces losses of 183.6 million euros

Adveo reported losses of 183.6 million euros in 2018, a significant increase from losses of 23.4 million euros in 2017

Turnover fell by 28% to 343.5 million euros due to the lack of availability of stock, which affected in particular the businesses of Germany, Spain and Italy, according to the accounts sent to the National Securities Market Commission.

According to the firm, the accounts were also affected by write-downs, changes in certain accounting criteria.