Picanol Group announced audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported sales of EUR 688,928,000 against EUR 639,778,000 a year ago. Operating result was EUR 120,771,000 against EUR 120,981,000 a year ago. Total interest income was EUR 4,677,000 against EUR 2,785,000 a year ago. Profit before taxes was EUR 123,380,000 against EUR 121,765,000 a year ago. Profit after taxes was EUR 91,640,000 against EUR 88,383,000 a year ago. Profit was EUR 101,714,000 against EUR 119,725,000 a year ago. Net operating cash flow was EUR 77,944,000 against EUR 81,723,000 a year ago. Acquisitions of tangible and intangible fixed assets were EUR 12,319,000 against EUR 7,456,000 a year ago. Operating result per share was EUR 6.82 against EUR 6.83 a year ago. Profit before taxes per share was EUR 6.97 against EUR 6.88 a year ago. Basic and diluted earnings per share were EUR 5.75 against EUR 6.76 a year ago.

For the first six months of 2018, the order book is well-filled. For the first half of 2018 the company expects to realize a turnover in line with that of the first half of 2017, but is taking into account a further negative impact of rising commodity prices.