Fagron NV reported consolidated earnings results for the first half ended June 30, 2017. For the period, the company's net turnover was EUR 221,725,000 against EUR 210,237,000 a year ago. Operating income was EUR 223,886,000 against EUR 211,731,000 a year ago. Operating profit was EUR 38,435,000 against EUR 33,861,000 a year ago. Profit before tax was EUR 25,850,000 against EUR 23,480,000 a year ago. Net profit from continued operations was EUR 21,054,000 against EUR 16,582,000 a year ago. Net profit attributable to the company was EUR 20,704,000 or EUR 0.29 per share against EUR 15,672,000 or EUR 0.42 per share a year ago. Net profit per share from continued operations was EUR 0.29 against EUR 0.44 a year ago. Cash flow from operating activities was EUR 49,501,000 against EUR 15,821,000 a year ago. Capex was EUR 5,066,000 against EUR 7,048,000 a year ago. REBITDA increased 5.6% to EUR 48.1 million, which represents 21.7% of the turnover. Net debt decreased by EUR 40.2 million. This decrease is mainly due to strong and healthy cash flow generation with a net debt-to-REBITDA ratio of 2.66.

For 2017, the company expects income tax rate of 18.6%.