Korres Group reported consolidated earnings results for the nine months of 2016. For the period, the company reported consolidated sales at EUR 44.4 million were higher by 1% compared to the nine months of 2015 at EUR 44.0 million. Adjusted earnings before interest, tax and depreciation (Adjusted EBITDA) reached EUR 8.3 million (after the deduction of the extraordinary restructuring cost) from EUR 8.2 million in the nine months of 2015. Earnings before interest, tax and depreciation (EBITDA) amounted EUR 6.5 million in the nine months of 2016. Net profit after tax and minority rights, increased by 14% to EUR 1.3 million in nine months of 2016 from EUR 1.1 million in the corresponding period of 2015, as a result of sales growth and gross profit margin improvement. Operating cash flows more than doubled at EUR 4.0 million in the nine months of 2016 from EUR 1.4 million at the same period of 2015, further strengthening the financial position of Korres Group.