msg life ag reported financial results for the first quarter ended March 31, 2015. The company generated aggregate turnover of EUR 26.6 million against EUR 23.9 million a year ago. Earnings before interest, taxes, depreciation and amortisation (EBITDA) was EUR 2.0 million against EUR 6.2 million a year ago. The decrease in earnings compared to the same period in the previous year is the result of nonrecurring effects from the disposal of the Banking segment which were recognized in the first quarter of 2014. At EUR 5.4 million, the cash flow from operating activities is another positive result which demonstrates that the company is operating profitably.

In view of the current market and sales situation, the company continues to expect to generate turnover of roughly EUR 105.0 million and earnings before interest, taxes, depreciation, and amortisation (EBITDA) of about EUR 8.0 million in the financial year 2015.