PRESS RELEASE

Wednesday, 23 March 2016

ANNUAL FINANCIAL RESULTS OF THE GROUP FOR THE FINANCIAL YEAR 2015

ATHEX:     PLAT

Reuters:      THRr.AT

Bloomberg: PLAT GA

The purpose of the current release is to present the Group's financial results for the financial year 2015 and to highlight the basic factors that contributed to such.

The financial results of the Group demonstrated a growth pattern in Turnover and Earnings for the year 2015. The basic factors which contributed to the positive course of the results and to the improvement of the profit margins are summarized as follows:

• Change in the product mix in favor of products with higher profit margins
• Further containment of the fixed expenses of production
• Positive effect due to the strengthening of the dollar versus the euro, and
• Decrease of raw material prices

More specifically, the basic financial figures of the Group during the financial year 2015 compared to the year 2014, settled as follows:

During the financial year of 2015, the Group implemented an investment plan amounting to € 32.5 million approximately of which € 22.9 million concerned investments that were realized in Greece. Specifically, € 23.4 million concerned the Technical Fabrics business unit, € 7.0 million the Packaging business unit and € 1.8 million the new investment in the Agricultural Sector. The financing of almost 50% of the above investment plan was based on leasing whereas the remaining amount was financed from own cash and bank debt. It is noted that the signed leasing contracts of € 12,4 million for the purchase of fixed assets have not been recognized in 2015 financial statements  given that these fixed assets will operate within the following year and the respective purchase and liability will be recognized in the financial statements of the Group at that time.

As result of the above, the Net Bank Debt of the Group amounted to € 42.4 million on 31.12.2015 increased by € 9.6 million compared to 31.12.2014, whereas the “Net Bank Debt to Equity” ratio settled at 0.3x unchanged versus the level of 31.12.2014.

With regard to the course of the financial results during the year 2016, there are positive developments for the Group's results during the first quarter of the current year in terms of Turnover and Operating Profit  compared to the corresponding period of 2015. The first quarter of 2016 mainly reflects the positive effect from the lower raw material prices, the higher production volumes and turnover, as well as the effect due to the product mix.

The strong and healthy capital structure of the Group in combination with the operating and organizational structures in effect, allowed the Management to effectively manage any difficulties observed in the domestic business environment during the year 2015 and to implement its massive investment plan of high budget. According to this plan, the new production lines will be in normal operation until the end of April 2016 and the positive effect on profit margins is estimated that will be reflected in the results of 2017 following the maturity phase of the particular investments.

The management is not in position to proceed with relatively safe estimates concerning the course of financial results for the year 2016 due the uncertainty existing in the macroeconomic and financial environment as well as the volatile business sentiment prevailing not only domestically but also internationally.

For further clarifications or information regarding the present release you may refer to Ms Ioanna Karathanasi, Head of Investor Relations, tel.: + 30 210-9875081.