Ter Beke reported consolidated earnings results for the first half ended June 30, 2017. For the period, the company reported revenue (net turnover) of EUR 217,266,000 compared to EUR 204,683,000 a year ago. EBITDA from recurring operating activities was EUR 14,378,000 compared to EUR 19,806,000 a year ago. EBITDA was EUR 20,971,000 or EUR 12.10 per share compared to EUR 19,550,000 or EUR 11.28 per share a year ago. Recurring result of operating activities (REBIT) was EUR 6,659,000 compared to EUR 9,877,000 a year ago. Result of operating activities (EBIT) was EUR 13,252,000 compared to EUR 9,621,000 a year ago. Result of operating activities after net financing costs (EBT) was EUR 13,031,000 compared to EUR 9,495,000 a year ago. Result after tax before share in the result of enterprises accounted for using the equity method was EUR 9,576,000 compared to EUR 7,156,000 a year ago. Earnings after taxes were EUR 10,147,000 or EUR 5.86 per share compared to EUR 7,205,000 or EUR 4.16 per share a year ago. Net cash flow was EUR 17,295,000 or EUR 9.98 per share compared to EUR 17,085,000 or EUR 9.86 per share a year ago. Net debt increased from EUR 17.5 million to EUR 58.4 million. The increase can be explained primarily by the acquisition of Stefano Toselli SAS and Pasta Food Company: the financing of the takeover (EUR 14 million), the discontinuation of the interest-bearing long-term receivables (EUR 10 million), and their outstanding financial debts (EUR 19.5 million).

The group is confident that, barring unforeseen market circumstances, the results for 2017 will surpass those of 2016.