Picanol NV reported consolidated earnings results for the first half year ended June 30, 2017. For the period, the company reported sales of EUR 364,712,000 compared to EUR 329,707,000 a year ago. EBITDA was EUR 73,999,000 compared to EUR 70,020,000 a year ago. Operating result was EUR 71,156,000 compared to EUR 66,889,000 a year ago. Profit before taxes was EUR 72,323,000 compared to EUR 67,354,000 a year ago. Share of the group in profit was EUR 58,051,000 compared to EUR 60,384,000 a year ago. Basic and diluted earnings per share were EUR 3.28 against EUR 3.41 a year ago. Profit was EUR 52,217,000 compared to EUR 48,094,000 a year ago. Net cash flow from operating activities was EUR 34,977,000 compared to EUR 38,856,000 a year ago. Acquisitions of intangible fixed assets were EUR 82,000 compared to EUR 248 million a year ago. Acquisitions of tangible fixed assets were EUR 5,429,000 compared to EUR 3,138,000 a year ago.

The company expects a slight increase in turnover over the full 2017 financial year compared to 2016, it is taking into account a limited impact of rising commodity prices.