VTG Aktiengesellschaft announced earnings results for the nine months ended September 30, 2017. For the nine months, the company's revenue was EUR 750.2 million against EUR 742.0 million for the same period last year. EBITDA was EUR 250.7 million against EUR 255.9 million for the same period last year. EBIT was EUR 109.7 million against EUR 115.9 million for the same period last year. EBT was EUR 63.0 million against EUR 69.2 million for the same period last year. Capital expenditure was EUR 211.8 million against EUR 154.8 million for the same period last year. Operating cash flow was EUR 170.5 million against EUR 226.1 million for the same period last year. Net profit was EUR 44.1 million against EUR 45.0 million for the same period last year. Earnings per share was EUR 1.21 against EUR 1.24 for the same period last year.

The board has announced for August forecast for 2017, For the current financial year, there is no change in the expectation that Group revenue will be slightly higher than in the previous year (2016: EUR 986.9 million). In the forecast published in August, the Executive Board expected Group EBITDA for the current financial year to be in a corridor between EUR 330 million and EUR 360 million. The top end of the forecast EBITDA spread includes potential proceeds from the acquisition of the Nacco Group in the 2017 financial year. However, since the antitrust authorities are still continuing their examination, the Executive Board now expects that the closing will not take place until the first quarter of 2018. Accordingly, expenses associated with the acquisition of the Nacco Group will be recognized in the result for the 2017 financial year, but no income from the Nacco Group will be realized this year. The Executive Board therefore believes that EBITDA for the year will in fact be at the bottom end of the spread forecast in August. The tax rate is still as expected for the year 2017 on the 30% level, and this is unchanged.