Aves One AG announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported that it succeeded in increasing sales revenues significantly in the first three months of 2017 to EUR 12.0 million compared to EUR 6.8 million a year ago. The sales revenues increase is attributable mainly to consolidating the ERR Rail Rent Vermietungs GmbH, Vienna, and to the effect of taking fully into account the assets acquired during 2016. The EBITDA adjusted for these currency effects amounts to EUR 5.7 million for the period under review compared with EUR 2.5 million and was thus more than doubled. The company produced an LBT of EUR 5.4 million compared with EUR 8.7 million and an exchange rate adjusted LBT of EUR 3.2 million compared with EUR 2.4 million a year ago. In the period under review, the Aves Group achieved a consolidated annual net loss of EUR 6.3 Mio., which when adjusted for exchange rates amounts to EUR 4.1 million. The consolidated net loss in the previous year's quarter was EUR 6.3 million, and when adjusted for exchange rates it was EUR 0.1 million, although a positive tax effect with a volume of EUR 2.5 million exerted an influence on this.

For the year 2017, the management board expects significantly higher sales revenues for the current business year 2017 compared to the previous year, and a greatly improved consolidated result.