Snowbird AG reported group earnings results for the third quarter and nine months ended September 30, 2014. For the nine months ended September 30, 2014, the group sales revenues increased 37.2% to EUR 125.9 million against EUR 91.8 million a year ago. Earnings before taxes amounted to EUR 33.6 million against EUR 25.7 million a year ago. Net cash inflow from operations was EUR 15.0 million against EUR 5.1 million a year ago.

In the third quarter of 2014, the company generated revenues in the amount of EUR 47.8 million, compared to EUR 46.1 million in the same quarter of 2013. Earnings before tax (EBT) amounted to EUR 12.3 million against EUR 12.5 million a year ago. Due to the seasonality of the business model almost 2/3 of the annual sales revenues are generated in the second half of the financial year.