Walter Meier Reports Consolidated Earnings Results for the Six Months Ended June 30, 2017
Walter Meier reported consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported sales of CHF 187,701,000 compared to CHF 110,515,000 a year ago. This increase in sales is the result of Tobler Haustechnik AG being integrated in the scope of consolidation as of 6 April 2017. EBITDA was CHF 12,081,000 compared to CHF 5,242,000 a year ago. EBIT was CHF 5,371,000 compared to CHF 3,435,000 a year ago. Net loss was CHF 3,086,000 compared to profit of CHF 2,761,000 a year ago. Loss per share was CHF 0.26 compared to earnings per share of CHF 0.38 a year ago. Cash flow from operating activities came to CHF 6.7 million in the first half of the year as a result of the usual seasonal increase in working capital in the first semester.