VTG Group reported earnings results for the first quarter ended March 31, 2018. For the quarter, revenue was EUR 255.1 million against EUR 243.8 million a year ago. EBITDA was EUR 88.9 million against EUR 76.6 million a year ago. EBIT was EUR 42.1 million against EUR 29.5 million a year ago. EBT was EUR 23.8 million against EUR 18.8 million a year ago. Group profit was EUR 16.6 million against EUR 12.7 million a year ago. Capital expenditure was EUR 63.4 million against EUR 31.7 million a year ago. Operating cash flow was EUR 64.6 million against EUR 50.0 million a year ago. Earnings per share were EUR 0.47 against EUR 0.33 a year ago.

The Group confirms forecast for 2018. In light of generally positive global economic conditions and forecast economic expectations, the Executive Board stands by its expectation of positive revenue and EBITDA development for the VTG Group in 2018. Accordingly, Group revenue should be slightly higher than the prior year's figure of EUR 1,014 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) are projected to be in a corridor from EUR 340 million to EUR 370 million.