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.