Korres S.A. Natural Products reported consolidated earnings results for the first quarter of 2013. At turnover level, group consolidated sales in the first quarter of 2013 affected by lower production volume for North America and Greece's marginal sales decrease, reached EUR 12.0 million from EUR 12.5 million in the first quarter 2012. Adjusted EBITDA increased by 3.6% at EUR 3.0 million from EUR 2.9 million in the corresponding period of 2012, as a result of reduced operating costs.

Earnings before interest, taxes, depreciation and amortization (EBITDA), after deducting restructuring costs reached EUR 2.3 million. The group achieved a positive operating cash flow of EUR 1.6 million from operating cash outflow of EUR 1.3 million in the first quarter of 2012, a result of the operating cost improvement and the management efforts towards rationalization of working capital.