Sidma S.A. reported consolidated and company earnings results for the first half of 2015. For the period, on consolidated basis, the company reported turnover stood at EUR 50.4 million compared to EUR 51.4 million in the respective period of 2014 or 1.8% lower but the average selling price of its products fell by 3.6%. Together with agency sales, it amounted to EUR 65.9 million, being invariable in relation to the turnover of last year. Moreover, earnings before interest, taxes, depreciation and amortization amounted to EUR 1,023,000 from 51,000 last year, mainly due to the drastic reduction in operating and administrative expenses by approximately 14% or EUR 1 million. Finally, pre-tax results were improved by 30% in relation to the respective last-year period or by EUR 1.3 million, registering losses of EUR 3.1 million.

For the period, at company level, in the first half of the year the turnover amounted to EUR 29.2 million from EUR 30.3 million, registering a 3.6% drop; together with agency sales, it amounted to EUR 44.6 million from EUR 44.8 million in the respective period of 2014. Earnings before interest, taxes, depreciation and amortization amounted to profits of EUR 750,000 from EUR 203,000 in the respective last-year period while pre-tax results were improved by 31% or EUR 0.9 million compared to the respective last-year period and equaled losses of EUR 2.0 million. The improvement of both operating and pre-tax results is mainly the outcome of the further decrease of operating and administrative expenses by 16% or approximately EUR 0.7 million.