Aves One AG Reports Consolidated Earnings Results for the First Half Ended June 30, 2017; Provides Earnings Guidance for the Year 2017
Aves One AG reported consolidated earnings results for the first half ended June 30, 2017. For the period, the company's sales were EUR 24,459,000 compared to EUR 11,993,000 a year ago. Earnings before interests, taxes, depreciation and amortisation (EBITDA) was EUR 12,739,000 compared to EUR 705,000 a year ago. Operating result incl. at equity results was EUR 4,887,000 compared to loss of EUR 2,699,000 a year ago. Loss before tax was EUR 19,182,000 compared to EUR 8,570,000 a year ago. Loss attributable to shareholders of group parent company was EUR 15,616,000 compared to EUR 8,698,000 a year ago. Loss per share (diluted and undiluted) from continued businesses was EUR 1.70 compared to EUR 1.46 a year ago. Loss per share (diluted and undiluted) was EUR 1.70 compared to EUR 1.46 a year ago. Operating cash flow was EUR 13,611,000 compared to EUR 4,809,000 a year ago. Cash flow from ongoing business operations was EUR 14,534,000 compared to EUR 4,731,000 a year ago. Payment for investments in tangible fixed assets was EUR 18,116,000 compared to EUR 999,000 a year ago.
Based on the measures currently being implemented, the Management Board expects significantly higher sales revenues for the current business year 2017 compared to 2016.