euromicron AG announced consolidated earnings results for the first half ended June 30, 2017. Sales in the first half of 2017 were EUR 153.6 million, a year-on-year increase of around 10% against EUR 139.8 million a year ago. Operating EBITDA was also positive at EUR 0.6 million, an improvement of EUR 2.3 million over the first half of 2016 was negative EUR 1.7 million. The consolidated net loss for the period at June 30, 2017, was EUR 5.4 million and so was reduced by EUR 3.6 million compared to EUR 9.0 million a year ago. The cash flow from operating activities (after adjustment for the effects of factoring) improved sharply by EUR 9.7 million to negative EUR 11.1 million in the first half of 2017. The euromicron Group's net debt was able to be reduced overall by EUR 5.6 million to EUR 98.6 million compared to the level at June 30, 2016, EUR 104.2 million.

The company is sticking to guidance for the current fiscal year. The company therefore expects a sales volume for the whole of the 2017 in a range from EUR 330.0 million to EUR 350.0 million and an operating EBITDA margin between 4.0% and 5.0%.