Picanol NV Reports Consolidated Earnings Results for the First Half Year Ended June 30, 2017; Provides Turnover Guidance for the Full Year 2017
Picanol NV reported consolidated earnings results for the first half year ended June 30, 2017. For the period, the company reported sales of EUR 364,712,000 compared to EUR 329,707,000 a year ago. EBITDA was EUR 73,999,000 compared to EUR 70,020,000 a year ago. Operating result was EUR 71,156,000 compared to EUR 66,889,000 a year ago. Profit before taxes was EUR 72,323,000 compared to EUR 67,354,000 a year ago. Share of the group in profit was EUR 58,051,000 compared to EUR 60,384,000 a year ago. Basic and diluted earnings per share were EUR 3.28 against EUR 3.41 a year ago. Profit was EUR 52,217,000 compared to EUR 48,094,000 a year ago. Net cash flow from operating activities was EUR 34,977,000 compared to EUR 38,856,000 a year ago. Acquisitions of intangible fixed assets were EUR 82,000 compared to EUR 248 million a year ago. Acquisitions of tangible fixed assets were EUR 5,429,000 compared to EUR 3,138,000 a year ago.
The company expects a slight increase in turnover over the full 2017 financial year compared to 2016, it is taking into account a limited impact of rising commodity prices.