Singulus Technologies AG announced earnings results for the first quarter of 2017. For the quarter, the company reported sales were EUR 26.1 million against EUR 14.1 million a year ago. EBIT was EUR 1.4 million against LBIT of EUR 5.8 million a year ago. EBITDA was EUR 1.9 million against LBITDA of EUR 5.2 million a year ago. Profit for the period was EUR 0.9 million against loss of EUR 7.1 million a year ago. Earnings per share were EUR 0.11 against loss of EUR 23.22 a year ago.

For the current business year 2017 the company forecasts a doubling of sales pursuant to IFRS compared with the previous year. The operating result (EBIT) should come in at a low single digit million level for the group.