Press Release Regarding Q1 2014 GROUP Financial Result

HALCOR Group of companies announced its Q1 2014 consolidated financial results according to the International Financial Reporting Standards (IFRS).

Consolidated turnover reached in the first quarter of 2014 to Euro 266 mil. versus Euro 303 mil. in the first quarter of 2013, decreased by 12.3% due to the comparatively lower average metal prices, but also the reduced fabrication prices, mainly in rolled products for installations and cables. In terms of volumes, there was an increase in sales by 2.3% in favor mainly of rolled products.