Codere, S.A. provided consolidated earnings guidance for the fourth quarter of 2015. The company consolidated adjusted EBITDA, before an estimated EUR 10 million in costs related to further efficiencies, in the range of EUR 70 million to EUR 73 million, or EUR 60 million to EUR 63 million after non-recurring expenses related to these cost reduction efforts. Fourth quarter 2014 Adjusted EBITDA was EUR 63.6 million.