ELGEKA Group announced consolidated earnings results for the six months ended June 30, 2015. For the period, consolidated turnover amounted to EUR 114.6 million compared to EUR 133.5 million in the comparable period of 2014, showing a decrease of 14.1%. This change is the consequence primarily of the discontinuation of loss-making activities that took place after the first semester of 2014 and the restructuring of the product portfolio of the Group aimed at focusing on products with higher profit margins, and secondarily of the drop in consumption.

EBITDA margin fell marginally to 3.6% from 4.1% despite the significant reduction in the turnover, resulting in earnings before interest, tax, depreciation and amortization (EBITDA) to stand at EUR 4.1 million over EUR 5.4 million in the comparable period. Loss before tax amounted to EUR 2.6 million over EUR 1.5 million in the first semester of 2014, while Loss after tax and non-controlling interest amounted to EUR 2.0 million over EUR 1.6 million in the comparable period.