AS Grindeks announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company announced net sales of EUR 34,768,804 compared to EUR 31,850,169 for the same period a year ago. Profit before taxation was EUR 3,456,655 compared to EUR 5,902,872 for the same period a year ago. Profit for the period attributable to equity holders of the parent entity was EUR 3,202,680 compared to EUR 4,513,335 for the same period a year ago. Earnings per share attributable to the equity holders of the parent entity was EUR 0.33 compared to EUR 0.47 for the same period a year ago. Net cash provided by operating activities was EUR 1,846,617 compared to EUR 7,145,885 for the same period a year ago. Purchase of fixed assets and intangible assets was EUR 895,185 compared to EUR 637,287 for the same period a year ago.

The company provided group earnings guidance for the full year of fiscal 2018. The company expected increase in turnover of the group by at least 10% in 2018. Investments in 2018 expected to be EUR 7 million.