MARFIN I.G.: Full Year 2016 Results
(WorldNews Greece)

28 April 2017 PRESS RELEASE 2016 Results Strengthening of Group operating profitability: Consolidated EBITDA from business operations1: EUR172m vs. EUR162m in 2015 Consolidated EBITDA: EUR134m vs. EUR125m in 2015 Consolidated revenues amounted to EUR1.10bn in 2016, a 3% decline vs. 2015. The reduction reflects continued challenging market conditions in the majority of the business sectors where our subsidiaries operate (particularly highlighting the adverse impact from the halt of operations of MARINOPOULOS as well as the declining household consumption), amid the prolonged economic recession in Greece. EBITDA from business operations1 reached EUR172m vs EUR162m in 2015 (6% y-o-y increase). Group...