TwintecBaumot Group reported earnings results for 2015. For the period, the company generated revenues of EUR 26.8 million compared with EUR 29.2 million for previous year. Which were within the forecast issued by its management. One main reason for the decline in sales was the postponed introduction of the emissions standard Stage IIIB /FAZ IIIB until 2018. Loss before interest, taxes, depreciation and amortization (EBITDA) amounted to around EUR 4.0 million in financial year 2015 (previous year: EUR 1.8 million). This is mainly due to the acquisition of Kontec GmbH and the related costs in addition to the lower sales base. LBITDA adjusted for these effects thus amounted to around EUR 2.2 million in financial year 2015.

Overall, The company expects to achieve consolidated sales of approximately EUR 48 million to EUR 52 million in financial year 2016 and EBITDA of between 0.0 and EUR 0.5 million. This means will nearly double sales and improve operational performance quite significantly.

The company expects revenues in the amount of EUR 80 million to EUR 100 million and an EBITDA margin of approximately 8% by 2018.