TKH Group NV announced earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported turnover of EUR 328.6 million compared with EUR 340.4 million for the same period a year ago. EBITA was EUR 35.5 million compared with EUR 37.8 million for the same period a year ago. Net profit before amortization, attributable to shareholders was EUR 22.5 million compared with EUR 25 million for the same period a year ago.

For the nine months, the company reported turnover of EUR 978.7 million compared with EUR 1,030.4 million for the same period a year ago. EBITA was EUR 100.3 million compared with EUR 111.6 million for the same period a year ago. Net profit before amortization, attributable to shareholders was EUR 63.5 million compared with EUR 72 million for the same period a year ago. Net bank debt calculated in accordance with the bank covenants had increased to EUR 207.9 million on 30 September 2016, up EUR 0.8 million when compared to 30 June 2016.

The company reiterates its forecast that, barring unforeseen circumstances, net profit before amortization and one-off income and expenses, attributable to shareholders, for the full year 2016 will be within the previously outlined range of between EUR 88 million and EUR 93 million (2015: EUR 99.9 million).