HKScan Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported Net Sales were EUR 475.3 million against EUR 485.2 million a year ago. LBIT was EUR 22.2 million against EBIT of EUR 4.2 million a year ago. Loss before taxes was EUR 24.8 million against profit of EUR 2.2 million a year ago. Loss was EUR 21.2 million against profit of EUR 1.7 million a year ago. LPS, diluted, continuing operations was EUR 0.41 against EPS of EUR 0.02 a year ago. Comparable LBIT was EUR 12.3 million against EBIT of EUR 6.0 million a year ago. Comparable loss before taxes was EUR 14.9 million against profit of EUR 4.0 million a year ago. Cash flow from operating activities was EUR 26.6 million against EUR 40.7 million a year ago.

For the year, the company reported Net Sales were EUR 1,808.1 million against EUR 1,872.9 million a year ago. LBIT was EUR 40.3 million against EBIT of EUR 9.7 million a year ago. Loss before taxes was EUR 49.2 million against profit of EUR 0.9 million a year ago. Loss was EUR 42.4 million against EUR 3.6 million a year ago. LPS, diluted, continuing operations was EUR 0.84 against EUR 0.10 a year ago. Comparable LBIT was EUR 17.6 million against EBIT of EUR 13.2 million a year ago. Comparable loss before taxes was EUR 26.5 million against profit of EUR 4.4 million a year ago. Net debt was EUR 208.2 million against EUR 137.2million a year ago. The group's interest-bearing debt at the year-end increased to EUR 259.2 million against EUR 144.1 million a year ago. Cash flow from operating activities was EUR 45.7 million against EUR 70.9 million a year ago. Gross capital expenditure on PPE was EUR 125.5 million against EUR 97.6 million a year ago.

The company revised its operating profit outlook on 31 October 2017 and estimated its comparable operating profit (EBIT) for 2017 to be at loss.