Ultrasonic AG reported earnings results for the half year ended June 30, 2013. For the half year, the company reported sales of EUR 73,816,000 against EUR 65,369,000 a year ago. EBITDA was EUR 21,389,000 against EUR 18,995,000 a year ago. EBIT was EUR 20,670,000 against EUR 18,318,000 a year ago. EBT was EUR 20,698,000 against EUR 18,370,000 a year ago. Group net income was EUR 15,368,000 against EUR 13,703,000 a year ago. Return on sales was 20.8% against 21.0% a year ago. Earnings per share were EUR 1.33 against EUR 1.20 a year ago. The net cash inflow from operating activities was EUR 27.6 million against EUR 17.7 million a year ago. The 55.8% year-on-year rise was attributable to higher pre-tax earnings and, in particular, a considerable reduction in working capital requirements as a result of the successful reduction of EUR 7.2 million in trade and other receivables.

The Management Board still anticipates that at year end, Group sales in euros (excluding currency effects) will be 10%-15% higher, while the pre-tax margin will be slightly lower at 23%-26%.