Sidma S.A. reported group and parent earnings results for the full year of fiscal 2015. For the year, the company reported more specifically, at Group level, the turnover amounted to EUR 96.5 million, reduced by 4.0% compared to that of 2014, with the average selling prices for 2015 being lower by 5.4% compared to those of 2014. Taking into account the Parent sales on behalf of third parties, the turnover amounted to EUR 125 million from EUR 129 million in 2014, presenting a drop by 3.1%. The percentage of gross profit was increased from 7.6% in 2014 to 8.3% in 2015, showing an improvement by 8.5%, while operating expenses were decreased by 6.7% from EUR 12.6 million in 2014 to EUR 11.7 million in 2015. As a result, there was an improvement in the Group's earnings before interest, taxes, depreciation and amortization (EBITDA) by EUR 1.3 million, that is from EUR 0.9 million last year to EUR 2.2 million in 2015. Last but not least, the Group's pre-tax results amounted to a loss of EUR 5.8 million compared to a loss of EUR 10.1 million in 2014, thus improved by 42%.

At parent level, the turnover of SIDMA in 2015 was reduced by 8.7% to EUR 51 million from EUR 56 million in 2014. Taking into account the Parent sales on behalf of third parties (dealership), gross sales amounted to EUR 79.7 million from EUR 84.5 million in 2014, reduced by 5.7%, just as the decrease in the average selling price of all company's products in 2015 compared to 2014. The percentage of gross profit was increased from 9.2% in 2014 to 9.7% in 2015, improved by 5%, while operating costs were decreased by 8.0% from EUR 8.5 million in 2014 to EUR 7.8 million in 2015. As a result, earnings before interest, taxes, depreciation and amortization (EBITDA) were increased by 112% compared to last year, to EUR 1,320,000 from EUR 624,000 while pre-tax results were improved by 49%, that is from a loss of EUR 8.1 million last year to a loss of EUR 4.2 million in 2015.