Picanol NV announced audited consolidated earnings results and company turnover results for the year 2015. For the period, on consolidated basis, the company reported sales of EUR 529,344,000 compared to EUR 418,165,000 a year ago. Operating results was EUR 83,578,000 compared to EUR 54,180,000 a year ago. Profit before taxes was EUR 84,682,000 compared to EUR 55,742,000 a year ago. Share of the group in profit was EUR 85,692,000 or EUR 4.84 per basic and diluted share compared to EUR 52,402,000 or EUR 2.96 per basic and diluted share a year ago. Net cash flow from operating activities was EUR 86,875,000 compared to EUR 73,049,000 a year ago. Acquisitions of tangible and intangible fixed assets were EUR 8,109,000 compared to EUR 12,806,000 a year ago.

For the period, on company basis, the company's turnover increased in 2015 by 34% compared to 2014, from EUR 305.6 million to EUR 409.8 million, driven by the strong order book for weaving machines in 2015.

For the full year 2016 the group expects to realize a turnover in line with the turnover of 2013.