MLS Financial Results 1^st Semester 2017

Sales increased by 1% amounting to 11,59 mil. Euros from 11,49 mil. Euros  last year. EBITDA decreased by 3% amounting to 3,87 mil. Euros in first semester of 2017 from 3,98 mil. Euros in 2016. Profit before taxes decreased by 3% to 1,98 mil Euros from 2,04 mil Euros and Profit after taxes decreased by 14% amounting to 1,71 mil. Euros in first half of 2017 compared to 1,99 mil. Euros last year. The equity of the company has  increased to 24,36 mil. Euros from 23,95 mil. Euros in 30.06.2016

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Using innovation as a key development tool, MLS expands its share in the Greek market, both in Tablets and Smartphones. Specifically, MLS is the No1 Brand in sales in Tablets (above Apple and Samsung) with a market share of 24%. In the Smartphone segment, MLS is in the 3rd place in units in the Greek market with a market share of 9.3%.

MLS holds innovations that exceed local interest and can address international markets too, serving the principle of Making Life Simple beyond Greek borders. In this context, the general assembly recently approved the change of the distinctive title of the company from MLS Multimedia SA to MLS Innovation Inc