VTG Aktiengesellschaft Reports Unaudited Earnings Results for the Full Year 2017; Provides Earnings Guidance for the Full Year 2018
February 22, 2018 at 01:32 am EST
VTG Aktiengesellschaft reported unaudited earnings results for the full year 2017. For the period, the company reported revenue rose by 2.8% to EUR 1,014.4 million against EUR 986.9 million a year ago. Due to a one-time charge, the operating result (EBITDA) of EUR 343.4 million was slightly down on the previous year's figure, EUR 345.3 million in 2016, which had also included positive one-time income of EUR 6 million. Adjusted for these two one-time effects, EBITDA was up 2.4% year on year in the 2017 financial year.
In 2018, the company expects to see further positive development in revenue and EBITDA.