euromicron AG reported consolidated earnings results for the nine months ended September 30, 2018. In the first nine months of 2018, revenues amounted to EUR 233.0 million compared to EUR 244.0 million a year ago, EUR 11.0 million lower than in the same period of the previous year. Adjusted for sales effects from operations that have since been sold or discontinued (EUR 4.5 million). At the same time, the company generated operating EBITDA of EUR 4.8 million in the first nine months of 2018 compared to EUR 7.2 million a year ago. Accordingly, the consolidated net loss for the period ended September 30, 2018, was EUR 7.8 million, EUR 4.0 million higher than in the same period of the previous year of EUR 3.8 million. The company significantly improved its operating cash flow adjusted for factoring effects by EUR 11.7 million to negative EUR 3.9 million in the reporting period compared to EUR 15.6 million a year ago, largely attributable to positive effects from the working capital reduction.

Due to the deviation in sales and earnings from the figures originally planned for the reporting period and in light of the additional structural adjustments planned in the fourth quarter of 2018, the company's Executive Board corrected its previous forecast for fiscal year 2018. Sales of EUR 310 million to EUR 330 million and an operating EBITDA margin of 2.0% to 4.0% are now expected for the full year. The original expectations were EUR 340 million to EUR 360 million for revenues, 4.0% to 5.0% for the operating EBITDA margin and up to EUR 2 million for special costs.