MLS INNOVATION INC.

FINANCIAL RESULTS 9M OF 2014

MLS Multimedia SA: Turnover +34% in the 9 Months of 2014

EAT rise to 1.63 million Euros

 

MLS continues to improve its financial performance for the ninth consecutive quarter. The company's turnover amounted to 8.17 million Euros, increased by 34% compared to 6.09 million Euros in the 9 Months of 2013. EAT rose by 21%, amounted to 1.63 million from 1.35 million Euros in the same  period the previous  year. EBITDA increased by 7%, (3.87 million versus 3.62 million) compared to the 9M of 2013.

Commenting on the financial results of the third quarter of 2014, MLS Chairman and CEO Mr. John Kamatakis stated: “Our focus remains on the company's business plan, its credibility and continuous growth. MLS tablets and smartphones have been widely accepted, impressively increasing their market share. Research and development remains within our top priorities, thus we will be soon releasing new innovative products that highlight our foremost goal : Making Life Simple (MLS)».