Fastned reported earnings results for the year 2017. The company has continued its rapid growth over 2017. Revenues increased 133% to EUR 530,667. The net result amounted to EUR 5 million negative, of which more than EUR 1.5 million was 'non-cash' (depreciation and converted interest). The loss was slightly lower than in 2016 due to strong revenue growth, and in spite of increasing operational costs due to the establishment of offices and teams in Cologne and London.