Creta Farms reported consolidated and parent earnings results for the year 2014. For the year, on consolidated basis, the company's sales rose by 9.8%, a strong increase versus last year, to EUR 104.8 million versus EUR 95.5 million a year ago. The increase was mainly driven from further penetration into the local market with market share reaching 25.2% for the full year. EBITDA was EUR 10.9 million versus EUR 5.8 million a year ago, an increase of 88,6%, representing a 10.4% profit margin compared to 6.1% last year, an improvement of 430 basis points. Operating profit was EUR 6.2 million versus EUR 774,000 a year ago. Earnings after taxes were EUR 1.3 million versus a loss of EUR 21.9 million a year ago.

For the year, on parent basis, the company sales reached EUR 104 million, an increase of 10.1% versus the corresponding period last year with gross profits reaching EUR 46.2 million. EBITDA was EUR 10.9 million, versus EUR 7.2 million, an increase of 52.1%. The earnings after tax reached EUR 1 million compared to loss after tax of EUR 15.6 million a year ago.