Picanol NV reported audited consolidated earnings results for the year 2014. For the period, the company's sales were €418,165,000 against €559,979,000 a year ago. Operating result was €54,180,000 against €103,656,000 a year ago. Profit before taxes was €55,742,000 or €3.15 per share against €106,387,000 or €6.01 per share a year ago. Profit after taxes was €40,667,000 against €75,556,000 a year ago. Share of the group in profit was €52,402,000 or €2.96 basic and diluted per share against €73,168,000 or €4.13 basic and diluted per share a year ago. Net operating cash flow was €73,049,000 against €97,116,000 a year ago. Acquisitions of tangible and intangible fixed assets were €12,806,000 against €10,270,000 a year ago.

For the first half of 2015, the group expects to realize an increase in turnover. This is anticipated to be between the turnover recorded during the first half of 2013 and the turnover of the first half of 2014.