Picanol Group reported consolidated earnings results for the first half ended June 30, 2018. For the period, the company reported, sales of EUR 357,393,000, EBITDA of EUR 66,418,000, EBIT of EUR 62,511,000, profit or loss before taxes of EUR 63,724,000, profit or loss after tax excluding the share in the result of associated companies of EUR 47,772,000, net cash flow from operating activities of EUR 42,486,000, acquisitions of intangible fixed assets of EUR 60,000, acquisitions of tangible fixed assets of EUR 5,286,000, compared to sales of EUR 364,712,000, EBITDA of EUR 73,999,000, EBIT of EUR 71,156,000, profit or loss before taxes of EUR 72,323,000, profit or loss after tax excluding the share in the result of associated companies of EUR 52,217,000, net cash flow from operating activities of EUR 34,977,000, acquisitions of intangible fixed assets of EUR 82,000, acquisitions of tangible fixed assets of EUR 5,429,000, for the same period a year ago. Basic and diluted earnings per share were EUR 3.79 against EUR 3.28 a year ago.

The company expects a slight decrease in turnover over the full 2018 financial year compared to 2017.