Billboard : Interim Consolidated Financial Statements as of 31.12.2016

Interim Consolidated Financial Statements as of 31.12.2016

2017.02.28

BILLBOARD Plc filed with FSC, BSE-Sofia AD and presented to the public its consolidated interim financial statements as of 31.12.2016.

Pursuant to the unaudited consolidated financial statements of BILLBOARD AD, drawn up according to the IAS/IFRS forms as of 31.12.2016 the company reported total net sales revenues in the amount of BGN 34 000 000 compared to BGN 32 692 000 for 2015 which represents an increase of the net sales revenues by 4 %. As of 31.12.2016 the consolidated production net sales revenues of BILLBOARD AD were in the amount of BGN 28 761 000 compared to the consolidated production net sales revenues registered by 31.12.2015 in the amount of BGN 27 505 000 which represents a growth of the consolidated production net sales revenues of the company by 4.57 %.

As of 31.12.2016 BILLBOARD AD reported consolidated profit before taxes in the amount of BGN 582 000 compared to the loss before taxes in the amount of BGN 308 000 for 2015.

The consolidated net profit as of 31.12.2016 is in the amount of BGN 591 000 compared to the consolidated net loss as of 31.12.2015 in the amount of 575 000. The net profit as of 31.12.2016 attributed to the owners of the parent company is in the amount of BGN 333 000 compared to the net loss attributed to the owners of the parent company as of 31.12.2015 in the amount of BGN 707 000.

As of 31.12.2016 the earnings before taxes and depreciation and amortization, increased with the financial expenses and decreased with the financial incomes (EBITDA) of BILLBOARD AD on a consolidated basis were in the amount of BGN 4134 000 compared to the EBITDA on a consolidated basis reported by 31.12.2015 in the amount of BGN 3586 000 which is a 15.28 % growth.

As of 31.12.2016 the earnings before taxes and depreciation and amortization, increased by the financial expenses and decreased by the financial incomes (EBIT) of BILLBOARD AD on a consolidated basis were in the amount of BGN 1834 000 compared to the EBIT on a consolidated basis reported by 31.12.2015 in the amount of BGN 1407 000.

Sale of stakes from the capital of the associated company TIPO PRINT Ltd.

2016.12.21

Based on a resolution of the Board of Directors of BILLBOARD AD, dated 19.12.2016, on 20.12.2016 was accomplished a sale of the stakes, hold by BILLBOARD AD and DIGITAL PRINT Ltd. (100 % subsidiary of BILLBOADR AD) from the capital of TIPO PRINT Ltd. - an associated company of BILLBOARD AD.