euromicron AG announced revenue results for the third quarter and earnings results for the nine months of 2015. The company recorded an increase in sales of 1.6% for the third quarter of 2015 compared with the previous year's period.

Sales in the first nine months totalled EUR 242.7 million and were therefore virtually on par with the figures for the previous year of EUR 243.5 million. Whilst sales were down by 1.3% as at June 30, 2015. The operative EBITDA in the reporting period totalled EUR 5.5 million following EUR 9.8 million in the previous year's period, corresponding to an adjusted EBITDA margin of 2.4%. The adjusted operative LBIT was EUR 1.2 million (against EBIT of EUR 2.3 million a year ago. This decline in the result is attributable to several factors: significant monetary inflows will first arise with the final account for the completion of old projects within the system house business of the segments ‘North' and ‘South' which were already carried loss-free. The earnings before interest, taxes, depreciation and amortisation (EBITDA) after the first nine months of 2015 totalled EUR 2.5 million against EUR 9.8 million a year ago. The loss before interest and taxes (LBIT) amounted to EUR 6.3 million after EUR 2.3 million in the comparable period of the previous year.

Consequently, the executive board now expects an operational EBITDA margin in the range of between 4% and 5% for the current fiscal year 2015. The execution of reorganization measures will most likely reduce the EBITDA margin by 1 to 2 percentage points. Furthermore, disinvestments on loss-making investments and strategically irrelevant investments will result in depreciation effects in the mid-single digit millions. With respect to total sales for the current fiscal year 2015, the Executive Board still assumes that this figure will be at the lower end of the forecasted EUR 340 million to EUR 360 million for the current year.