COIL reported earnings results for the first half ended June 30, 2018. For the period, the company reported revenue of €12.1 million against €14.4 million a year ago. EBITDA was €1.3 million against €3.9 million a year ago. Operating loss was €0.6 million against operating income of €2.7 million a year ago. Pre-tax loss was €0.7 million against pre-tax income of €2.3 million a year ago. Net loss was €0.8 million against net income of €2.3 million a year ago. Net financial debt was €13.0 million as on June 30, 2018, stable versus December 31, 2017, and represents 45% of shareholders' equity. Operating loss was due to higher environmental taxes and lower subsidies.

For the second half of 2018, based on a more normal situation for its activity and an optimized industrial organization, the company expects its sales to gradually improve and its profitability to pick up again.

For the full year 2018, the company is targeting annual revenues of between €24 million and €26 million.