KORRES / FINANCIAL RESULTS 2015

• +8% GROWTH IN CONSOLIDATED SALES
• No1 PERSONAL CARE* BRAND IN PHARMACY IN GREECE
• +22% GROWTH IN EXPORT SALES
• GROWING  GLOBAL SALES' CONTRIBUTION TO 46%
• OPERATING PROFITABILITY IMPROVEMENT

Further consolidated sales growth for KORRES Group in 2015, combined with operating profitability improvement and positive operating cash flow.

Consolidated sales increased to 54,5m euro from 50,6m euro in 2014, corresponding to 8% growth; a result of the Group's positive performance in its global priority markets.

Key growth drivers were the international markets (+22% compared to 2014), accounting for 46% of total 2015 sales, enhancing the Group's global presence. The KORRES brand continues its strong performance both in the US and the key European priority markets.

In Greece, despite the adverse financial conditions, KORRES reached No1 position*  in the personal care category in the Pharmacy channel, as a result of the company's coordinated, successfully implemented communications and promotional plan.

Earnings before interest, tax, depreciation and amortization (EBITDA) reached 8,2m euro in 2015 compared to 5,1m euro in 2014, due to the Group's overall positive performance. Adjusted EBITDA in 2014 were 8,1m euro (excluding extraordinary restructuring cost impact).

Net results after tax and minority rights amounted to -1,4m euro in 2015 compared to -1,9m euro in 2014.

Ιn 2016, KORRES Group will keep promoting the brand both in Greece and abroad, developing new innovative products based on beneficial natural ingredients focusing on Greek herbs, research, science, advanced technology and clinically tested efficacy. KORRES innovation combined with a 360 communications plan, the creative presence of the brand at the point of sales, the extension of the distribution network and the continuous search for new growth opportunities, contribute to successfully facing the challenges the market presents.

In this context, KORRES Group is stepping into 2016 with a global innovation in antiageing, the new Castanea Arcadia collection, based on the largest primary research in world's natural ingredients.

In Greece, focus remains on the strategic categories of face, especially the anti-ageing sub-category, of hair colorants and sun care.

International sales growth will continue to be the Group's primary 2016 goal, focusing on the US -the second largest market for KORRES, following Greece - and on key European markets with high brand awareness and exceptional results so far.

In Q2 2015 the brand made its debut in the Latin America region as well, in the context of the strategic partnership with AVON, with Brazil as a starting point; a market with great growth prospects.

For more information:

INVESTOR RELATIONS / Athina Lagou / Τ: (+30) 213 018 8905, E: athina.lagou@korres.com

PUBLIC RELATIONS / George Anthoulakis / T (+30) 2130 188835 / E george.anthoulakis@korres.com