Greiffenberger AG reported turnover results for the third quarter and first nine months ended Sep. 30, 2015. In the third quarter of 2015 the company continued its current year recovery, though at a reduced pace. After a very hesitant start to 2015 the performance in the second quarter was positive, with turnover up 4.9% over the previous year's period. Turnover was also up in the period July through September, increasing 2.2% over the previous year's period. However, with turnover increasing in the third quarter from €38.1 million to €38.9 million the recovery somewhat flattened out due to the general economy, with September in particular performing much weaker than planned.

For the nine months, turnover was €113.4 million against €113.8 million for the same period of last year.

The group is adjusting its financial forecast for 2015. Following a turnover of €152.2 million in 2014 and a previous lower end of €153 million forecast for 2015 expectations for the total annual turnover in 2015 now stand at around €150 million. In light of this adjustment to turnover and further overall expectations Marco v. Maltzan, who at the end of October was, pursuant to section 105, paragraph 2, sentence 1 of the German Stock Corporation Act, appointed by the supervisory board of the company to be sole member of the management board due to the illness of Stefan Greiffenberger, also adjusted the earnings forecast. The target now is to deliver a positive result for 2015 in terms of EBIT. In 2014 the company generated an EBIT of €2.4 million the lower end originally forecast for 2015 had been €3 million.