CENTROTEC Sustainable AG announced group earnings results for the first quarter of 2016. For the quarter, the company increased its revenue by 4.0% to EUR 125.8 million against EUR 120.9 million a year ago. The operating result (EBITDA) for the group of EUR 8.8 million was 10% below the elevated prior-year figure of EUR 9.8 million, which had included EUR 1.3 million from foreign exchange gains. The slight increase in depreciation and amortization produced an EBIT at group level of EUR 3.0 million against EUR 4.2 million a year ago. Organically and before foreign exchange effects, EBIT came to EUR 2.7 million against EUR 2.9 million a year ago. A slightly reduced interest burden and a higher effective tax rate produced earnings per share of EUR 0.05 against EUR 0.11 a year ago.

The company confirms its forecast and anticipates moderate growth in revenue and earnings for 2016. For the full year, revenue is expected to reach EUR 550 million to EUR 570 million and the operating result EUR 32 million to EUR 35 million.