Intereuropa announced unaudited consolidated and parent earnings results for the first quarter ended March 2016. For the quarter, on the consolidated basis, the company reported sales revenue of EUR 33,666,000 against EUR 32,422,000 a year ago. Operating profit was EUR 1,676,000 against EUR 848,000 a year ago. Loss from financial operations was EUR 943,000 against EUR 1,507,000 a year ago. Profit before tax was EUR 744,000 against loss before tax of EUR 651,000 a year ago. Profit was EUR 697,000 against loss of EUR 668,000 a year ago. Profit attributable to equity holders of the parent was EUR 648,000 against loss of EUR 704,000 a year ago. Cash from operating activities was EUR 657,000 against EUR 1,679,000 a year ago. Outflows for acquisition of property, plant and equipment was EUR 360,000 against EUR 807,000 a year ago. Outflows for acquisitions of intangible assets were EUR 40 million against EUR 38 million a year ago. EBITDA was EUR 3,336,000 against EUR 2,462,000 a year ago. Net debt was EUR 80,854,000 as on March 2016 against EUR 80,392,000 as on March 2015. Earnings per share were EUR 0.03 against EUR 0.04 a year ago. Share book value was EUR 3.60 against EUR 3.57 a year ago.

For the quarter, on the parent basis, the company reported sales revenue of EUR 23,111,000 against EUR 23,014,000 a year ago. Operating profit was EUR 1,361,000 against EUR 686,000 a year ago. Loss from financial operations was EUR 430,000 against EUR 606,000 a year ago. Profit before tax was EUR 931,000 against EUR 80,000 a year ago. Profit was EUR 931,000 against EUR 80,000 a year ago. Basic and diluted net earnings per ordinary share were EUR 0.03 against EUR 0.00 a year ago. Cash from operating activities was EUR 1,126,000 against EUR 1,263,000 a year ago. Outflows for acquisition of property, plant and equipment was EUR 526,000 against EUR 566,000 a year ago. Outflows for acquisitions of intangible assets were EUR 29 million against EUR 33 million a year ago. EBITDA was EUR 2,357,000 against EUR 1,662,000 a year ago. Net debt was EUR 80,181,000 as on March 2016 against EUR 80,160,000 as on March 2015.

The company said earlier it expects to boost EBITDA to EUR 13.1 million in 2016 from EUR 11.3 million in 2015. Total investments planned EUR 4.5 million for the entire 2016. The company expects sales revenue of EUR 137.1 million and operating profit (EBIT) of EUR 6.3 million.

For 2019, the company expects sales revenue of EUR 166.0 million, EBITDA of EUR 15.8 million and operating profit (EBIT) of EUR 7.8 million.