OTI Greentech AG announced unaudited consolidated earnings results for the first half of 2017. For the period, the company reported operating loss (EBITDA) of EUR 0.48 million in the first six months of 2017 after a loss of EUR 0.7 million in the first half of 2016. At EUR 5.3 million, revenues in the first half of 2017 were up around 5% on the prior-year figure of EUR 5.0 million.

For the full year 2017, the management board now expects revenues to increase considerably compared with the 2016 figure of EUR 8.8 million and EBITDA to improve significantly. The previous guidance called for slightly positive EBITDA and an increase in revenues to EUR 16 million.