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27 September 2017 - 16:31Price sensitive

Board of Directors approves 2017 Half-Year Report

Group earnings triple

• REVENUES up 22% to Euro 30.1 million (Euro 24.6 million in H1 2016)
• EBITDA growth of 53% to Euro 10.9 million (Euro 7.1 million in H1 2016) - EBITDA margin improves 25% to 36.2% from 28.9%
• EBIT quadruples to Euro 4.2 million (Euro 1.0 million in H1 2016)
• Net profit triples to Euro 4.0 million (Euro 1.3 million in H1 2016)
• Net Cash Position of Euro 3.6 million compared to Euro 8.1 million at December 31, 2016 (in line with Euro 3.9 million at June 30, 2016)
• Commercial orders - Total Contract Value (TCV) - up over 90% to Euro 37.2 million
• Laying of AAE-1 cable completed and commercialisation launched on June 2017
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