msg life ag announced consolidated earnings results for the first half-year of 2016. For the period, the company reported the aggregate turnover of EUR 57.1 million compared to EUR 52.2 million a year ago. Earnings before interest taxes, depreciation and amortization were EUR 2.8 million compared to EUR 2.9 million a year ago.Net income was EUR 0.1 million compared to EUR 1.2 million a year ago. The positive cash flows from operating activities totaled EUR 0.8 million EUR 1.5 million a year ago.

For the 2016 financial year, the company expects earnings before interest, taxes, depreciation of property, plant and equipment and amortization of intangible assets (EBITDA) of between EUR 10.0 million and EUR 12.0 million and aggregate turnover of between EUR 110.0 million and EUR 112.0 million.