CENTROTEC Sustainable AG announced earnings results for the third quarter and nine months of 2016. For the quarter, the company maintained its organic growth in the third quarter and increased its revenue by 2.4% compared with the prior-year period, to EUR 151.9 million compared to EUR 148.4 million a year ago. The EBIT operating result was up 5.9% at EUR 14.6 million compared to EUR 13.8 million a year ago.

For the nine months, the company reported organic growth rose by 4.7% to EUR 415.7 million compared to EUR 396.9 million a year ago. EBIT thus rose by 4.2% to EUR 23.2 million compared to EUR 22.3 million a year ago. Earnings per share (EPS) at the nine-month mark reached EUR 0.78 compared to EUR 0.74 a year ago.

The forecast for the 2016 financial year is confirmed, and revenue of EUR 550 million to EUR 570 million along with EBIT of between EUR 32 million and EUR 35 million are expected.