Funkwerk AG reported earnings results for the first half of 2014. For the period, the company reported that its net loss widened by 46.7% to EUR 2.6 million, due to dire market conditions and high costs on new projects. Operating loss came in at EUR 4 million, compared with a loss of EUR 1.3 million a year earlier. Sales from continued operations dropped by 3.7% to EUR 39.4 million due to the challenging market environment. Orders in the period decreased by 7% to EUR 47.2 million.

Despite the weak performance, the company upheld its full year 2014 guidance for a slight sales increase from the EUR 94 million recorded in 2013, and a positive operating result.