Feike AG announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue growth of 29.0% to EUR 29.5 million against EUR 22.8 million a year ago. This is mainly due to the further increase of the number of its authorised retail outlets from 2,393 as at 31 December 2014 to 2,437 as at 31 March 2015. The group's EBIT increased by 20.0% to EUR 7.2 million against EUR 6.0 million a year ago. This represents an EBIT margin of 24.3% against 26.2% a year ago. Ultimately, the net profit for the period increased by 20.6% to EUR 5.3 million against EUR 4.4 million a year ago.

For the year 2015, the company is still expecting relatively stable gross and net profit margins and further double-digit growth in revenue. The growth of revenue is thereby forecasted based on the assumption of an RMB appreciation against the EUR. Measured in RMB, the growth of revenue in 2015 is expected to be in the range of 4% to 6%.