msg life ag announced consolidated earnings results for the first half ended June 30, 2015. For the period, the company reported turnover of EUR 52.2 million against EUR 50.8 million a year ago. EBITDA was EUR 2.9 million against EUR 8.1 million were on target as at the balance sheet date. The decrease in earnings compared to the same period in the previous year is the result of non-recurring effects from the disposal of the Banking segment which were recognised on the balance sheet in the first quarter of 2014 and had a considerable effect on earnings in the six-month period concerned. All in all, the company generated consolidated earnings of EUR 1.2 million against EUR 5 million a year ago, and thus earnings per share of EUR 0.03 against EUR 0.12 a year ago. The cash flow from operating activities was EUR 1.5 million, which shows that the group is operating profitably.

For the 2015 financial year, the group expects turnover of around EUR 105 million and earnings before interest, taxes, depreciation and amortisation of EUR 8.0 million.