Ahlers AG announced consolidated earnings results for the second quarter and six months of 2016. For the quarter, sales revenues increased by a strong 3.5% or EUR 1.8 million.

For the six months, At EUR 118.3 million, the company's revenues exceeded the prior year level by a moderate EUR 0.2 million or 0.2% compared to previous year of EUR 118.1 million. Net debt was reduced by EUR 4.1 million from EUR 33.0 million at the prior year reporting date to EUR 28.9 million. Operating cash flow climbed by 40% or EUR 0.4 million to EUR 1.4 million due to the improved results and the reduced cash tied up in net working capital. EBIT before special effects amounted to EUR 2.2 million compared to EUR 0.7 million a year ago. Consolidated net income advanced from a balanced result in the previous year to EUR 0.8 million in the first half-year.

The company expects the revenue and earnings trend of the first six months to continue in the second half of the year. Revenues from core activities are projected to grow by about 3%, which should offset the lower revenues from discontinued activities. Total revenues should more or less remain stable compared to previous year of EUR 242 million. This assumption is supported by the positive pre-orders for autumn/winter 2016. Consolidated net income should exceed the previous year's EUR 1.4 million by a high double-digit percentage.