Athens, 30/03/2016

Heracles GCCo Group announces 2015 Results

Group sales, positively affected by the favorable dollar euro exchange rate and the development of secondary sources of revenue, offsetting the decline of the domestic demand for building materials that continued to be adversely impacted by political and economic instability, with both residential and infrastructure construction remaining at low levels

The Company's turnover increased by 4,6% in 2015, amounting to 218.330 Euro thousand compared to 208.764 Euro thousand in 2014, while the Group's turnover increased by 4,5% in 2015, amounting to 247.164 Euro thousand compared to 236.485 Euro thousand in 2014.

The Company's results before taxes, interest, depreciation and amortisation (EBITDA) in 2015 amounted to loss 16.069 Euro thousand compared to loss 6.231 Euro thousand in 2014, while for the Group amounted to profit 10.686 Euro thousand in 2015 compared to loss 13.737 Euro thousand in 2014.

The Company recognized in the Financial Statements as at 31/12/2015 an impairment loss amounting to 31.486 Euro thousand concerning its investment in the consolidated subsidiary LAFARGE BETON S.A. The Company continues its efforts to reduce operating costs as well as optimize the production and supply chain processes.

Τhe Group's net results after taxes amounted to loss 18.448 Euro thousand compared to loss 40.713 Euro thousand in 2014, while the Company's net results after taxes in 2015 amounted to loss 37.711 Euro thousand compared to loss 26.372 Euro thousand in 2014.

In 2015, Heracles Group's investments, increased considerably and amounted to 6.006 Euro thousand, despite the unfavourable economic environment. They focused on improving safety and occupational health, environmental performance, sustainable development and competitiveness especially in the areas of energy consumption and alternative fuels utilization.