Creta Farm SA reported group and parent earnings results for the first quarter ended March 31, 2015. Group revenues increased by 16% to €23.9 million versus €20.5 million for the corresponding period in 2014 primarily driven by local market share gain. Earnings before interest and tax (EBIT) were €1.2 million versus €0.620 million during the same period last year. Earnings before interest, tax, depreciation and amortization (EBITDA) grew by 28% to €2.4 million compared to €1.9 million during the same period last year.

Parent company revenues were €23.8 million, an increase of 16.1% year-on-year. It is important to note that after the restructuring and divestment of non-profitable activities the company accomplished the alignment of the Parent company's financial results with those at Group level. Parent company EBITDA increased by 25% to €2.5 million, giving an EBITDA margin of 10.3%.