Snowbird AG reported Group earnings results for the first quarter ended March 31, 2015. Group sales revenues increased by 38.0% to EUR 34.0 million against EUR 24.6 million a year ago. The Group's gross profit for first quarter 2015 increased by 76.6% to EUR 13.0 million.

Also the gross margin saw a strong increase to 34.3% from 29.8% in first quarter 2014. Profit after tax is EUR 8.2 million against EUR 4.1 million a year ago and has therefore doubled in first quarter 2015 compared to the corresponding period. Net cash inflow for operating activities for first quarter 2015 was EUR 2.7 million due to the payment of sales related bonuses for distribution partners for 2014.