Skano Group Annual Financial Report 26.04.2016

Audited Annual Report 2015

Pärnu, 2016-04-26 08:01 CEST (GLOBE NEWSWIRE) --

The Supervisory Board of Skano Group AS approved on 25th of April 2016 the
annual report and loss covering proposal for the year 2015 of Skano Group AS

In 2015, the revenue of Skano Group AS totalled to 18.8 million euros and in
2014, 20.3 million euros. In 2015, the net loss from operating activities
totalled 0.4 million euros as opposed to the net loss of 1.5 million euros in
2014. In 2015, the net loss per share of Skano Group AS was -0.09 euros and in
2014 it was -0.33 euros. Sales decreased by 7.6% in 2015 as compared to 2014,
the consolidated operating loss was 101 thousand euros (2014: operating loss
1,199 thousand euros) and the gross margin was 20.9% (2014: 13.2%).

In 2015, EBITDA of the Group amounted to 763 thousand euros (2014: minus 312
thousand euros). The consolidated net loss was 411 thousand euros as compared
to the net loss of 1.481 thousand euros in 2014 and the net margin was -2.2%
(as compared to -7.3% in 2014).

Proposal for covering of loss: to cover the loss with retained earnings.

The audited Annual Report 2015 of Skano Group AS is also available on company’s
web page

Martin Kalle
Telefon +372 44 78 331
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Skano Group_2015_AnnualReport_ENG.pdf