PCAS SA announced consolidated earnings results for the year ended December 31, 2017. For the year, the company has generated consolidated net sales of EUR 218.3 million against EUR 192.0 million a year ago. Net sales up 13.7% compared to the same period for the previous year. EBITDA totaled EUR 31.5 million, against EUR 27.3 million in 2016, a margin of 14.4% against 14.2% in 2016. The group's current operating income totaled EUR 19.1 million, against EUR 16.2 million in 2016, boosted by the growth in Group activities. Net income totaled EUR 5.8 million in 2017, against EUR 6.6 million in 2016. The Group's net debt stood at EUR 56.7 million against EUR 48.7 million at December 31, 2016, affected by an increase in accounts receivable due to a sharp rise in sales at the end of 2017, and to a lesser extent by higher inventory levels than at the end of the previous year. Operating income was EUR 13.9 million in 2017, against EUR 13.9 million in 2016.

In 2018 the group's net sales are expected to show modest growth.