VTG Aktiengesellschaft reported earnings results for the six months ended June 30, 2018. For the period, the company reported revenue of EUR 513.8 million compared to EUR 498.8 million a year ago. EBITDA was EUR 173.7 million compared to EUR 163.3 million a year ago. EBIT was EUR 80.5 million compared to EUR 69.2 million a year ago. EBT was EUR 40 million compared to EUR 39.3 million a year ago. Group profit was EUR 28 million compared to EUR 27.5 million a year ago. Capital expenditure was EUR 136.3 million compared to EUR 150.8 million a year ago. Operating cash flow was EUR 128.9 million compared to EUR 124.9 million a year ago. Earnings per share were EUR 0.76 compared to EUR 0.74 a year ago. Also adjusted for Nacco-related expenses, earnings per share (EPS) were up by around 30% to EUR 0.96 in the first half of 2018 compared to EUR 0.74 a year ago.

Bearing in mind that global economic conditions remain generally stable and in light of forecast economic expectations, the Executive Board stands by its expectation of positive revenue and EBITDA development for the year in 2018. Group revenue from company's existing activities should thus be slightly higher than a year ago (2017: EUR 1,014 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to be in a corridor between EUR 340 million and EUR 370 million.