CONSOLIDATED FINANCIAL RESULTS FULL YEAR 2013

In terms of the consolidated turnover, the Group’s total sales settled at €236.59 mil., up by 0.25% compared to the previous year, supported by a relatively strong fourth quarter across both regions of Greece and the Foreign Countries.

During the year the foreign markets, that represent the 64% of the Group’s turnover, increased by 2.17% thus providing support to total turnover and compensating for the sales drop of 3% from the Greek operations, which is however much less than the 9% drop of the Greek retail market.

Sarantis Group resilience in sales is largely attributed to our strong and diverse brand portfolio that is balanced by geography and product category.

Continuous initiatives behind the enrichment of our brand portfolio through product relaunches, new product lines, new exclusive representation agreements, together with strategic plans towards further geographical expansion, strengthen the Group’s presence within a highly competitive and dynamic business environment.

On the balance sheet front, exhibiting its strong financial position Sarantis Group continued to generate free cashflows. Despite the challenging economic and business environment, the Group further deleveraged its balance sheet, reducing its total bank debt by €35 mil. euros during 2013 since the end of 2012, while net cash position increased further by the end of the 2013 to €22 mil.

Devoted to creating additional value to its shareholders, following the cancellation of its treasury stock at the end of 2012 and on the back of this year’s remarkable financial results the Group proceeded in January of 2014 to an interim dividend payment for FY 2013 of 0.30 eur per share.

Sarantis Group healthy financial position allows for investing behind the strategic pillars that support the Group’s growth and profitable outlook.

The focus is behind the Group’s core business categories of mass market cosmetics and household products through the continuous renewal and enrichment of the Group’s brand portfolio, increasing its market shares, improving productivity and production cost, examining acquisitions of profitable and well established companies or brands suitable to the Group’s portfolio, and finally capitalizing on the human resources capabilities.

Operational excellence is achieved through a continuing effort to optimise the Group’s figures in a highly competitive and dynamic international business environment, with a view to ongoing growth and improved financial performance.