Vtion Wireless Technology AG reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company generated revenues of EUR 9.5 million corresponding to a decrease of 13% compared to the same period 2014. The majority of the total revenue was generated in the company's core business with wireless data terminals. The decrease of the total revenues during the reporting period was mainly due to lower sales of wireless data cards using the 3G technology, which dropped by 49% to EUR 2.7 million. The sharp decline is based on the fact that more and more other devices are used to get access to the mobile internet. The company's EBIT decreased by 4% to EUR 0.6 million, due to the lower revenues.

The Management Board expects 2015 to be a year of further transition and therefore remain difficult from an operational standpoint. The company predicts total revenues of around EUR 37 million for the full year 2015 and an EBIT margin of approximately 6%.