Press Release

August 8th, 2013 1st Semester 2013 Financial Results of F.G. EUROPE S.A. Group

• Increase in Revenue

• Increase in sales in the domestic market

• Maintenance of high levels of exports

The continuing from the last quarter of 2012 increase in sales in the domestic market, combined with the maintenance of high levels of exports, resulted in an increase in total sales of F.G. EUROPE S.A. by 5.76%.
Sales of air conditioners in the internal market amounted in the 1st Semester of 2013 to € 15.43m against € 11.50m of the respective sales in the 1st Semester of 2012, posted an increase of 34.17%. The sales in units of air conditioners in the 1st Semester were increased by 63.80%. The noted increase in sales of air conditioning is especially important and indicative of the company's position in the market, when, according to the data from the Business & Industry Association of Electrical Appliances, in the 1st Semester of 2013 the sales in units of air conditioners in the Greek Market decreased by 10.90%, compared to those in 2012.
The overall increase in the sales of F.G. EUROPE S.A. in the 1st Semester, resulted in Earnings before taxes for the company of € 5.40m against € 5.38m of the corresponding Earnings of 2012 and Net Profit after taxes in the 1st Semester of 2013 of € 4.08m against € 4.30m of respective Net Profit in the 1st Semester of 2012, a bit decreased, due to the increase in the tax rate of company's earnings by 6% (From
20% to 26% in 2013).