Novabase SGPS SA announced consolidated earnings results for the six months ended June 30, 2016. For the six months, the company reported sale of goods from continuing operations of EUR 18.449 million against EUR 23.444 million a year ago. Gross net profit (EBITDA) was EUR 7.155 million against EUR 7.690 million a year ago. Operating gross net profit was EUR was EUR 7.155 million against EUR 7.690 million a year ago. Operating profit (EBIT) was EUR 4.904 million against EUR 5.036 million a year ago. Net profit before taxes (EBT) was EUR 5.309 million against EUR 4.685 million a year ago. Net profit from continuing operations was EUR 4.399 million against EUR 3.419 million a year ago. Attributable net profit was EUR 2.776 million against EUR 3.462 million a year ago. Turnover was EUR 105.662 million against EUR 112.915 million a year ago. Turnover decreased 6% year-over-year, and is below the annual guidance (decreased 2%), due to the company's strategy to limit the exposure to emerging markets, with significant impact on IMS area. Earnings per share (EPS) reached EUR 0.09 per share, registering a decrease of 20% towards the EPS from the previous year of EUR 0.11 per share.

The company reaffirmed earnings guidance for the year 2016. For the year, the company reaffirmed the goal of sustainable international growth. Despite the uncertainty in some of the markets where the company operates and the continuing challenging conditions in the domestic market, the company is committed to compliance with the guidance for the fiscal year 2016: Turnover of EUR 215 million, more than 45% of which outside Portugal, and EBITDA between EUR 14 million and EUR 17 million.