Space Hellas S.A. reported group and parent earnings results for the year 2014. For the year, on group basis, the company recorded an 5.1% increase in consolidated revenues in 2014 and amounted to €43.1 million compared to €41 million in 2013. EBITDA was €4.1 million in 2014 versus €4 million in 2013. Earnings before taxes declined to €416,000 versus €689,000 in 2013. Earnings after taxes increased to €749,000 in 2014 versus €31,000 in 2013. Net debt was €15 million in 2014 compared to €19.2 million in 2013 decreased by €4.2 million. Net operating cash flows were €4 million is recorded, which channeled to debt reduction but primarily to cash and cash equivalent increase.

For the year, on parent basis, the turnover amounted to €40.9 million in 2014 compared to €38.7 million in 2013, while EBITDA reached €4.1 million in 2014 compared to €3.5 million in 2013. Finally, profit before taxes for the parent company reached €1,963,000 in 2014 compared to €161,000 in 2013 while the corresponding profit after taxes in 2014 amounted to €2,444,000 compared to loss after taxes of €359,000 in 2013.