Connect Group reported consolidated earnings results for the second half year and full year ended December 31, 2013. The company reported annual sales of EUR 125 million compared with EUR 142 million in 2012 (down 11.8%). The sales decline took place in the 2nd half of 2012, after which sales remained stable in 2013 at the same lower level. The operating result from continuing operations before goodwill impairment reduced from a profit of EUR 1,458,000 in 2012 to a profit of EUR 671,000 in 2013. Leaving out of account the recovery on accounts receivable in 2012 and the writeoff in 2013, operating profit rose from EUR 908,000 in 2012 to EUR 965,000 in 2013. The net financial result improved by EUR 480,000 as a result of lower interest rates and a lower average borrowings and by EUR 228,000 as a result of foreign exchange gains instead of losses in 2013. The company makes only limited use of foreign currency hedging contracts. In this way profit from continuing operations (before goodwill impairment) for 2013 was EUR 81,000 compared with a profit of EUR 168,000 in 2012 (on a comparable basis). In this way the group's net result fell from a profit of EUR 3,034,000 to a profit of EUR 81,000. Diluted earnings per share from continuing operations were EUR 0.01 against loss per share of EUR 0.14 a year ago. Diluted earnings per share from continuing plus discontinued operations were EUR 0.01 against EUR 0.29 per share a year ago. Cash flow from operating activities was EUR 4,926,000 against EUR 12,946,000 a year ago. Net cash from operating activities continuing operations was EUR 4,216,000 against EUR 11,564,000 a year ago. Investments in intangible assets were EUR 202,000 against EUR 19,000 a year ago. Investments in property, plant and equipment was EUR 1,940,000 against EUR 2,471,000 a year ago.

For the second half, the company reported sales of EUR 61,927,000 against EUR 61,720,000 a year ago. Operating result continuing operations was EUR 541,000 against loss of EUR 2,922,000 a year ago. Profit from operations was EUR 250,000 against EUR 1,162,000 a year ago. Profit from continuing operations were EUR 242,000 or EUR 0.02 per diluted share against loss of EUR 3,338,000 or EUR 0.30 loss per diluted share a year ago. Profit attributable to equityholders of the parent was EUR 242,000 or EUR 0.02 per diluted share from continuing plus discontinued operations against EUR 1,162,000 or EUR 0.11 per diluted share from continuing plus discontinued operations a year ago.