Zhongde Waste Technology AG announced the financial results for the year 2015. For the period, the company reported revenues were EUR 38.2 million compared to EUR 35.0 million a year ago. Revenue growth of 9.3% driven due to foreign exchange rate effects. LBIT was EUR 13.2 million compared to EBIT of 3.0 million a year ago. Net loss was EUR 16.1 million compared to EUR 1.0 million a year ago.

For the full year 2016, the company expects a rapid growth in revenues. EBITDA and EBIT are expected to follow that trend and turn positive.