Snowbird AG announced earnings results for the first six months ended June 30, 2015. For the period, the company reported Group sales revenue increased by 24.2% to EUR 96.9 million against EUR 78.0 million a year ago. Profit after tax reached EUR 21.7 million against EUR 16.0 million a year ago and has therefore improved by 36.2% compared to the corresponding period of the previous year.

Net cash outflow from operating activities for was EUR 39.7 million, because the management is taking advantage of the current low price environment to stock up down inventories for the upcoming peak season and to meet the increasing customer demand in the second half of the year.