71,7 MLN EURO COMPARED TO 67,8 MLN EURO IN THE CORRESPONDING PERIOD OF 2014

The nine month period of 2015 closed with increased turnover for the Group of Kleemann compared to the corresponding last year period.

The Group's turnover for the nine month period of 2015 amounted to Euro 71,7 mln from Euro 67,8 mln, increased by 5,8%, compared to the corresponding last year period. The Group's international sales are increased by 6,1% and amounted 90% of the total turnover, while the Group's domestic sales are increased by 3,3%.


The capital controls in Greece negatively affected domestic sales in the third quarter with the total sales amounting to Euro 23,9 mln from Euro 27,5 mln. Also, the profitability of the period was affected from increased discounts to customers to offset the international conjuncture in markets such as Turkey and Russia that went through an extended period of political instability and major fluctuations in their exchange rates. As a result the Group's EBITDA for the nine month period of 2015 amounted to Euro 5,3 mln from Euro 6,6 mln in the corresponding period of 2014. Finally, the profit after tax and non-controlling rights amounted to Euro 1,7 mln from Euro 2,4 mln in the prior year corresponding period.

Regarding growth, the Group in 2015 has proceeded in establishing two new commercial subsidiaries companies in Croatia and Germany, as well as proceeded in acquiring a commercial company in Australia with the intent to strengthen its presence in these markets. As a result, the Group is present through its subsidiaries and representative offices in 15 countries and the total number of employees has been increased to 1.127 persons from 1.020 on 30 September 2014.

The Management expects that the group's performance will continue improving in 2015 and maintain its healthy liquidity, while having as a key pillar the ongoing effort to expand its activities internationally and the penetration of markets which present growth prospects.

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