M L S Multimedia S A : PRESS RELEASE MLS RESULTS 1ST SEMESTER 2018 Facebook Twitter Email Addthis

MLS Innovation Inc: €1.48 million Net profit after tax for the 1^st semester of 2018

MLS Innovation Inc. recorded revenue of €10.54 million in the 1^st semester of 2018, with earnings after tax reaching €1.48 million. Earnings before interest, taxes and depreciation (EBITDA) amounted to €3.24 million (compared to €3.87 million last year). Equity balance stood at €27 million compared to €24.63 million on 30.06.2017.

Figures in million €

MLS officially entered the Serbian market in May and the Cypriot market a month later. MLS expects a double-digit export share in its total sales during the remaining fiscal year 2018 from its presence in the above markets.

At the same time, the company has carried out investment road shows in London and New York resulting in the entry of new foreign institutional investors in its share capital. Concurrently, FTSE Russell added for the first time MLS share on the FTSE Emerging Europe Micro Cap Index.

On the basis of the 1^st semester of 2018 financial results, President and CEO of MLS Mr. John Kamatakis stated: 'MLS R&D department completed successfully an ambitious and costly research project that has been implementing over the past two years. It is a new European platform involving Artificial Intelligence and Voice Recognition. The new product-platform will be officially announced soon, and we believe (as it happens in the United States with the relevant platforms) it may impressively improve the quality of life of people in Greece and other European countries'.