Nanogate AG reported consolidated earnings results for the six months of 2016. For the period, the company reported sales rising by more than 17% to over EUR 51 million compared to EUR 43.3 million a year ago. The consolidated EBITDA increased by more than 18% to over EUR 5.8 million compared to EUR 4.9 million a year ago. The consolidated EBIT saw particularly strong growth of around 30% to just over EUR 2.2 million compared to EUR 1.7 million a year ago, despite the costs of the Phase5 growth programme.

For the year 2016, the group has affirmed its forecast for sales and operating result (EBITDA) as published in April 2016. On the basis of existing projects as well as the majority acquisition of Goletz, the Group expects to see a substantial increase in sales to more than EUR 105 million. Despite the continued expenses associated with the expansion strategy as well as the one-off transaction and integration costs, the company forecasts the operating result (EBITDA) to increase significantly and exceed the EUR 12 million. In view of the growth strategy, consolidated net income will be shaped by depreciation and amortisation as well as financing costs. Despite this, the company expects the consolidated net income for the year as a whole to rise particularly strongly year on year due to the overall good performance and positive one-off effects from the changes in estimates relating to the valuation of subsidiaries and their obligations.