Govecs AG announced sales results for the third quarter and nine months ended September 30, 2018. In the third quarter of 2018 alone, sales reached approximately EUR 8.1 million, up by more than 70% compared with the previous year.

For the nine months, the company reported sales amounting to approximately EUR 19.2 million, equivalent to an increase of over 50% year-on-year.

Based on this positive business development, the company assumes that the upper end of the sales forecast mentioned in the securities prospectus, ranging from EUR 24 million to EUR 28 million, will be achieved in the financial year 2018.