Alphaform AG announced earnings results for the second quarter and six months of 2014. For the quarter, the company reported an increase in revenues of around 15.4% to EUR 7.0 million. Loss before taxes was improved by EUR 0.4 million to EUR 0.5 million, after EUR 0.9 million in the same quarter of the previous year. The negative operating result was primarily due to restructuring costs and expected seasonal factors. LBITDA was EUR 0.2 million compared to EUR 0.6 million in the same quarter of the previous year.

For the six months, the company reported revenue of EUR 14.5 million compared to EUR 12.6 million a year ago. Negative operating result was EUR 0.8 million, and it therefore improved by EUR 0.1 million compared to the same period of the previous year. LBITDA was EUR 0.2 million compared to EUR 0.3 million in the first half of 2013. Cash outflow from operating activities was EUR 2.4 million, compared with EUR 0.2 million in the reporting period of the previous year. The main reason for this was the need for additional working capital due to the business expansion and the costs for restructuring.