Keo PLC — Management Reports 2015

Nov 13, 2015

KEO: Interim Management Statement

KEO plc presents the Interim Management Statement of the Company and its subsidiaries for the second half of the year ending 31 December 2015. The Interim Management Statement has been prepared in accordance with Article 11 of the Transparency Requirements (Securities Admitted to Trading on Regulated Market) Law of 2007 (N.190(I)/2007) and is showed below.

MAIN ACTIVITIES

The main activities of the Group, which have not been changed since the previous year, include the vinification of vine products, the production of beer and juices and bottling of natural mineral water which are distributed in the local market and overseas.

TURNOVER

The Group's turnover during the first 9 months of the year amounted to $\epsilon$ 35.541.000 in comparison to $\epsilon$ 34.109.000 during 2014, showing an increase of 4.2%. This increase is due both to the local market, where sales have increased by 3.5%, and to the exports that showed an increase by 22,2%.

PROFITABILITY

The Group's profit before tax during the first 9 months of 2015 amounted to €2.100.561 in comparison to €906.561 during the same period in the previous year. The difference is due to the increase in the profit from operations.

MAJOR RISKS AND UNCERTAINTIES

The major risks and uncertainties that the Group faces remain unchanged from those described in the Company's Annual Report for the year 2014.

SIGNIFICANT EVENTS AND TRANSACTIONS

There have been no significant events and transactions, other than the normal operating activities of the Group, which had an impact on the financial position of the Company and its subsidiaries.