Progress-Werk Oberkirch Aktiengesellschaft reported preliminary consolidated results for the year 2015. The consolidated Group revenues for the 2015 fiscal year amounted to EUR 404.6 million (previous year: EUR 381.1 million), total output was EUR 413.3 million (previous year: EUR 390.7 million), EBIT reached EUR 21.0 million before currency effects (previous year: EUR 15.1 million), and grew to EUR 18.1 million (EUR 16.7 million) including currency effects. Net income for the period reached EUR 7.5 million (previous year: EUR 7.3 million). With these results, the forecasts of roughly EUR 400 million in Revenues were achieved and for EBIT before currency effects of around EUR 19 million greatly surpassed.

Based on a conservative plan for fiscal year 2016, the company forecast revenue of roughly EUR 410 million and EBIT of EUR 20 million. Despite the only marginal increase in revenue, EBIT is thus expected to increase by more than 10% compared to the level of EUR 18.1 million reported in fiscal year 2015. The revenue and EBIT forecasts are based on hedged exchange rates as per end of 2015. After achieving record new business in 2015 of roughly EUR 600 million (as reported earlier), The company expects to generate a similar volume of new business in 2016. The company very optimistic with regard to the Group's future growth, which will be greatly boosted by its ever more successful international business.