CENTROTEC Sustainable AG reported earnings results for the third quarter and nine months of 2017. The third quarter of 2017 saw revenue for the company rise by 1.8% to EUR 154.6 million against EUR 151.9 million a year ago. The operating result (EBIT) of EUR 13.4 million was 8.8% down on the prior-year figure of EUR 14.6 million. Earnings per share (EPS) amounted to EUR 0.49 against EUR 0.55 a year ago.

Cumulatively over the first nine months of the financial year, revenue grew by 3.0% to EUR 428.4 million against EUR 415.7 million a year ago. EBIT came to EUR 19.2 million, and was therefore 17.3% lower than in the previous year EBIT of EUR 23.2 million. Earnings per share amounted to EUR 0.62 against EUR 0.78 a year ago.

For the year 2017, the company expects earnings expectations (EBIT) to be EUR 28 million to EUR 30 million. On the other hand the company expects revenue forecast will be met, more precisely in the middle of the original forecast range of EUR 575 million to EUR 600 million.