MLS INNOVATION INC.

FINANCIAL RESULTS

MLS: Doubled  its turnover in first quarter of 2015, + 31% the net profit after tax.


MLS announces high growth for the 11th quarter in a row. The company's turnover increased by 106% in the first quarter of 2015 amounting  to 6.76 million euros from 3.28 million euros last year. Net profit after tax increased by 31% at 1.02 million euros versus  0.78 million euros  in the first quarter of 2014. Net profit after tax increased by 14% at 1.87 million euros versus 1.64 million euros last year. The company's equity has increased to 21.74 million euros compared to 21.12 million in 31.12.2014.

Commenting on the financial results of the first quarter of 2015, the President and CEO of MLS John Kamatakis stated:

"We are at the beginning of an era of strong development. In 2015, Greek consumers have given MLS the leading position in the tablet market, ahead of Apple and Samsung, raising expectations for the next MLS products. It has become clear that Greek consumers prefer technological products that "speak their language", are tailored to their local needs, to their habits, are designed by Greek engineers, provided that they meet high-quality standards. Having that in mind, we create a new serie of Smartphones named "Diamond", the first of which will soon be released to the market. Also, very shortly, a new category of MLS products will be released to the market, with the hope to improve our quality of life (Making Life Simple)”.