SIDMA S.A. Steel Products announces consolidated and company earnings results for the fiscal year 2016. In 2016 the consolidated turnover of the company amounted to EUR 104.1 million compared to EUR 96.5 million in the corresponding period or 7.9% higher. EBITDA amounted to EUR 4.9 million compared to EUR 2.2 million in 2015, mainly due to the significant increase in gross profit by 53% or EUR 4.2 million approximately. Earnings before taxes improved by 46% compared to the same period last year or EUR 2.7 million, representing a loss of EUR 3.2 million, disregarding the negative adjustments of SIDMA's fixed assets. Without these provisions, at Group level, earnings before interest, taxes, depreciation and amortization (EBITDA) would amount to EUR 6.1 million, while earnings before taxes to losses of EUR 2.0 million, disregarding the negative adjustments of fixed assets. At Company level, in 2016 the company's turnover was set to EUR 70.9 million from EUR 51.3 million, while together with dealership sales it was set to EUR 99.2 million from EUR 79.4 million in the corresponding period of 2015. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to profits of EUR 4.0 million from EUR 1.3 million in the corresponding period last year, while earnings before taxes, improved by 42% or EUR 1.7 million compared to those of the corresponding period last year, amounted to losses of EUR 2.4 million, disregarding the negative adjustments of its fixed assets. Similarly, at company level, earnings before interest, taxes, depreciation and amortization (EBITDA) would amount to EUR 5.2 million, while earnings before taxes to losses of EUR 1.2 million, disregarding the negative adjustments of fixed assets.