Connect Group NV reported earnings results for the third quarter of 2014. In the third quarter of 2014, the company posted net sales of EUR 27.5 million, compared with EUR 29.7 million in third quarter of 2013. The operating result (EBIT) and net income are slightly negative.

The company reports that sales are expected to fall by about 10% in the second half of 2014 compared with the first half of 2014 which was EUR 64.8 million. The lower than expected sales and the implementation of a number of restructuring measures that have been decided will impact the results. The group expects to end the year with a small net loss.