Ekotechnika AG announced consolidated earnings results for the year ended September 30, 2017. For the year, the company generated group sales revenues of EUR 148.1 million in the financial year 2017. This represents an increase of 26.4% compared to EUR 117.2 million a year ago. Revenue growth was primarily driven by an increased number of new units sold, such as tractors and combines, the rising demand for spare parts as well as by a general increase in sales prices. The operative result (EBIT) reached EUR 11.6 million during the reporting period compared to EUR 5.3 million a year ago. Consolidated net income amounted to EUR 8.6 million, compared to EUR 62.3 million in the previous year.

For the current financial year 2018, the management expects revenues to decline to between EUR 122 and 126 million after a highly successful year in 2017. The planned sales volume comprises 236 tractors and 39 combines. In addition, the management expects gross profit of between EUR 20 and 24 million and EBIT of around EUR 7 million.