Airopack Technology Group AG announced earnings results for the six months ended June 30, 2018. For the period, the company reported operating income was €14,795,000 against €11,835,000 a year ago. Negative EBITDA was €11,164,000 against €10,390,000 a year ago. Negative Ebit was €20,455,000 against €17,712,000 a year ago. Net loss per share was €1.18 against €1.06 a year ago. Consolidated cash flow was €6,453,000 against €3,814,000 a year ago.

The company targets production and sales volumes to continue to grow in the second half of 2018. The resulting EBITDA improvements on a month by month basis will also improve the operational cash flow and liquidity position. The company targets to reach EBITDA break-even at a production and sales run rate of 100 million Airopack dispensers annually by late 2018.