Picanol NV announced consolidated and company earnings results for the first half year of 2015. For the period, on consolidated basis, the company reported sales of EUR 259,799,000 compared to EUR 219,926,000 a year ago. EBITDA was EUR 43,179,000 compared to EUR 38,512,000 a year ago. EBIT was EUR 40,203,000 compared to EUR 33,049,000 a year ago. Profit before taxes was EUR 40,721,000 compared to EUR 34,062,000 a year ago. Share of the group in profit was EUR 42,028,000 or EUR 2.37 per basic and diluted share compared to EUR 29,425,000 or EUR 1.66 per basic and diluted share a year ago. Net cash flow from operating activities was EUR 15,540,000 compared to EUR 25,643,000 a year ago. Acquisitions of intangible fixed assets were EUR 7,000 compared to EUR 159 million a year ago. Acquisitions of tangible fixed assets were EUR 4,192,000 compared to EUR 6,614,000 a year ago.

For the period, the company reported sales of EUR 259,799,000 compared to EUR 219,926,000 a year ago. Operating profit was EUR 40,203,000 compared to EUR 33,049,000 a year ago. Profit before taxes was EUR 40,721,000 compared to EUR 34,062,000 a year ago. Share of the group in profit was EUR 42,028,000 or EUR 2.37 per basic and diluted share compared to EUR 29,425,000 or EUR 1.66 per basic and diluted share a year ago.

The company expects the turnover for the second half of 2015 to be in line with the second half of 2013.