In addition, the ratio of total equity to liabilities is high and amounts to 1,85, while the amount of cash is higher than debt by Euro 2,6 mln. This performance confirms the financial self-sustainability of the Group as well as its healthy financial state while it ensures its unhindered operation and future growth.

Furthermore, as it has been recently announced the Group has proceeded in establishing two new commercial subsidiaries in Croatia and Germany, and has acquired a commercial company in Australia with the intent to strengthen its presence in these countries. As a result, the Group is present through its subsidiaries and representative offices in 15 countries, while the percentage of the Group's international sales amounted to 88% from 85% in the corresponding period of 2014 and the total number of employees has been increased to 1.109 persons from 1.032 on 31 December 2014.

The Management expects that the group's performance will continue improving in 2015 and maintain its healthy liquidity, while having as a key pillar the ongoing effort to expand its activities internationally and the penetration of markets which present growth prospects.