Athens, March 30^th, 2015

FY 2014 FINANCIAL RESULTS

• Increased before tax profits of 63.5 million euro compared to  61.3 million euro in 2013-Increase by 3.7%
• Increased EBITDA of 87.6 million euro versus 83.6 million euro in 2013 –Increase by 4.8%
• Proposed dividend of 0.20 euro per share

The fiscal year of 2014 ended with very positive results for EYDAP as the Company has reinforced further its profitable growth, whilst supporting households affected by the economic crisis.

Specifically, the turnover of the Company amounted to 326.4m euro versus 336.2m euro in 2013, decreased by 2.9%, mainly due to the implementation of the new tariff with lower charges for the consumers, within the framework of the Company's social policy.

Company's earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 4.8%, despite the turnover's decrease, amounting to 87.6 million euro versus 83.6 million euro in 2013, mainly due to the decrease of the total operating cost by 1.2% amounting to 276.7 million euro compared to 280.0 million euro in 2013.

The earnings before taxes amounted to 63.5 million euro compared to 61.3 million euro in 2013, increased by 3.7%.

The after tax profits, reached the amount of 42.0 million euro versus 77.7 million euro in 2013, which is not comparable  due to the positive effect of deferred taxation on the previous year.  

EYDAP consistent towards its shareholders, with a constant annual dividend distribution, since its listing on the ASE, will propose to the General Shareholders Meeting, by the decision of the Board of Directors, a dividend equal to 50% of the net profit of 2014, as last year, amounting to 21.3 million euro (0.20 euro per share).