Resilux NV reported consolidated earnings results for the first half ended June 30, 2017. For the period, operating revenues were EUR 165,623,000 against EUR 180,307,000 a year ago. Operating result was EUR 11,497,000 against EUR 35,829,000 a year ago. Result before taxes was EUR 10,160,000 against EUR 35,727,000 a year ago. Net result based upon the equity method was EUR 7,822,000 against EUR 51,844,000 a year ago. Cash flow from operating activities was EUR 49,561,000 against EUR 21,471,000 a year ago. Investments in tangible and intangible fixed assets were EUR 8,744,000 against EUR 11,918,000 a year ago. Operating cash flow - EBITDA was EUR 19,216,000 against EUR 43,070,000 a year ago. Adjusted operating cash flow - EBITDA was EUR 20,225,000 against EUR 20,570,000 a year ago. Operating result – Adjusted was EUR 12,506,000 against EUR 13,329,000 a year ago. Result before taxes – Adjusted was EUR 11,169,000 against EUR 12,249,000 a year ago. Net result, part of Group - Adjusted was EUR 8,488,000 against EUR 8,807,000 a year ago. Operating cash flow - EBITDA per share was EUR 9.49 against EUR 21.27 a year ago. Operating result per share was EUR 5.68 against EUR 17.69 a year ago. Net result, part of Group per share was EUR 3.86 against EUR 16.28 a year ago. Adjusted operating cash flow - EBITDA per share was EUR 9.99 against EUR 10.16 a year ago. Adjusted operating result per share was EUR 6.18 against EUR 6.58 a year ago. Adjusted net result, part of Group per share was EUR 4.19 against EUR 4.35 a year ago.

The company expects that the operational cash flow (EBITDA) for the full year of 2017 will be in line with the operational cash flow for 2016, adjusted for the impact of Airolux (the sale of the shares and all deliveries of goods and services). As a consequence, the expected operational cash flow for full year 2017 amounts more or less to EUR 38.0 million. This is excluding the amount of EUR 1.0 million of consultancy fees relating to the potential acquisition by Bain Capital early 2017. The company expects in the second half of 2017 to invest EUR 5.0 to EUR 7.0 million, excluding buildings and special projects, in order to ensure sustainable and profitable growth.

For 2018, the outlook is promising and Resilux is determined to present growth again of the operational cash flow (EBITDA).