Höft & Wessel AG reported group earnings results for the year ended Dec. 31, 2013. For the period, the company reported LBIT was close to balanced at EUR 0.3 million compared to EUR 10.3 million a year ago.

The reasons for the substantial improvement in earnings are the successful operational restructuring and the decline in personnel expenditure. Sales revenues increased slightly in 2013, to EUR 80 million. Slight growth was also recorded in the fourth quarter of the last financial year compared with the same period a year earlier.