PRESS RELEASE - 2017 FINANCIAL RESULTS

MLS: ¤ 23.1 million revenue, ¤ 1.8 million earnings after tax for 2017

Revenue for MLS Multimedia totaled ¤ 23.1 million in 2017 with earnings after taxes coming in at ¤ 1.8 million. Earnings before interest, taxes and depreciation (EBITDA) amounted to ¤ 5.6 million in 2017 (compared with ¤ 6.3 million last year), while Earnings per share were calculated at EUR 0.1538.

Cash and cash equivalents totaled ¤ 8.1 million and the net position stood at ¤ 25.6 million compared to ¤ 23.9 million in the previous calendar year.

Tablet and Smartphone sales declined in the Greek market for 2017. On the contrary, MLS expanded its stake in both categories for 2017, ranking first in Tablets (above Apple and Samsung) for pieces sold at 25% and sales at 22%. MLS Smartphones are now ranked 3^rd for pieces sold at 9% and 4th in sales at 5%.

The company consistently implements its strategic planning (2018-2021), aiming toward an immediate expansion within selected foreign markets. As a result, in 2018 MLS Revenue will derive from at least 3 markets.