SnowWorld N.V. reported unaudited consolidated earnings results for the first half year ended March 31, 2017. For the year, the company reported net revenue of EUR 19,345,000 against EUR 18,685,000 a year ago. EBITDA was EUR 9,108,000 against EUR 8,881,000 a year ago. Operating result was EUR 7,256,000 against EUR 7,120,000 a year ago. Result after tax was EUR 4,781,000 against EUR 4,652,000 a year ago. Result before tax was EUR 6,337,000 against EUR 6,192,000 a year ago. Basic and diluted earnings per share were EUR 1.58 compared to EUR 1.54 a year ago. Cash flow from operating activities was EUR 7,021,000 against EUR 7,968,000 a year ago. Investments in property, plant and equipment was EUR 2,588,000 against EUR 3,227,000 a year ago.

The performance for this period therefore lays a very strong foundation for the results for the full financial year. Given the developments during the first half-year, and the closing of the third ski slope in Zoetermeer last summer, the company is positive about the entire 2016/2017 financial year. For the entire 2016/2017 financial year, the company expects to achieve a higher EBITDA and higher net profit than in the previous financial year. Earnings per share are also expected to be higher than in the previous year.