Azkoyen, S.A. announced earnings results for the first quarter of 2017. For the quarter, the EBITDA increased approximately 18%, to EUR 4.9 million. Financial debt reduced 80.5% to EUR 2.3 million. Net profit of EUR 2.4 million in the first three months of 2017, in other words a profit increase of 39.4% over the first quarter of 2016. Azkoyen registered an EBIT of EUR 3.8 million after an increase of 28.7%.

For the year 2017, the company expects a moderate increase in sales income and an EBITDA slightly higher than the previous year, with certain increases in fixed expenses, chiefly sales and R+D.