The Greiffenberger Group reported group earnings results for the six months ended June 30, 2014. For the six months, the company generated sales of EUR 75.7 million in the first six months of 2014, with June in particular coming in below expectations. The 1.6% decline in turnover was primarily due to weakened economic growth in the second quarter of 2014, with demand in Germany down. However, sales in the USA, China and France increased noticeably. Cash outflow from operating activity was EUR 1.3 million against cash inflow from operating activity of EUR 7.8 million a year ago. EBITDA was EUR 4.0 million against EUR 6.8 million a year ago. EBIT was EUR 0.7 million against EUR 3.5 million a year ago. Net loss was EUR 0.8 million or EUR 0.16 per share against net income of EUR 1.3 million or EUR 0.26 per share a year ago.

For the second half of 2014, the group is expecting a higher turnover than in the first six months, and therefore from the full year's perspective revenues in the range of EUR 152 million- EUR 157 million. Expectations for the operating result for the second half of the year are also correspondingly in excess of the results of the first six months. The group is planning for an EBITDA for the full-year 2014 of between EUR 9 million – EUR 11 million, and an EBIT in the range of EUR 2 million-EUR 4 million.