COR&FJA AG reported earnings results for the first quarter ended March 31, 2014. For the period, the company generated aggregate turnover of €23.9 million against €30.5 million a year ago. Earnings before interest, taxes, depreciation of property, plant and equipment and amortisation of intangible assets (EBITDA) totaling €6.2 million against loss of €4.8 million a year ago. This means that as far as turnover is concerned, the company is performing in line with expectations, although a comparison with the same period last year is impossible because the relevant data still included the turnover figures of the now disposed-of Banking segment as well as those from the previous full consolidation of the plenum subgroup. The EBITDA figures in the current reporting period are likewise in line with COR&FJA's plans and are shaped significantly by the deconsolidations of the former banking subsidiary and the plenum subgroup, which have resulted in non-recurring income in the medium seven-figure range.

In view of the current market and sales situation, the company expects to generate turnover of roughly €100.0 million and an operating result before interest, taxes, depreciation of property, plant and equipment and amortisation of intangible assets (EBITDA) of some €11.0 million in the current financial year 2014.