Avantium N.V. Announces Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2017
Avantium N.V. announced unaudited consolidated earnings results for the half year ended June 30, 2017. For the period, the company reported revenues of EUR 5,762,000 against EUR 4,213,000 a year ago. Operating loss was EUR 5,550,000 against EUR 1,482,000 a year ago. Loss before income tax was EUR 9,072,000 against EUR 2,095,000 a year ago. Loss from continuing operations was EUR 9,072,000 against EUR 2,095,000 a year ago. Loss attributable to owners of the parent was EUR 9,072,000 against loss for the period of EUR 6,824,000 a year ago. Diluted loss per share for profit from continuing operations attributable to the ordinary equity holders of the company was EUR 0.12 against EUR 0.01 a year ago. Diluted loss per share for profit attributable to the ordinary equity holders of the company were EUR 0.12 against EUR 0.05 a year ago. Net cash used in operating activities was EUR 5,987,000 against EUR 1,788,000 a year ago. Purchases of property, plant and equipment were EUR 980,000 against EUR 110,000 a year ago. Purchases of intangible assets were EUR 16,000 against EUR 55,000 a year ago. Total adjusted LBITDA was EUR 15,000 against EUR 3,633,000 a year ago. This was mainly caused by the establishment of Synvina in November 2016 and consequently discontinuation of the YXY segment within Avantium.