Semi-annual report 2015

Key points for the first half of 2015

  • Revenues decreased by € 20.1 million (-7.8%) from € 257.0 million to € 236.9 million;
  • The EBITDA result decreased from € 22.2 million to € 19.0 million during the first half of the year;
  • The liquidity position rose by € 2.8 million compared to 30 June 2014 to € 34.7 million, in spite of substantial restructuring expenditures;
  • An impairment of € 6.9 million was recognised on printing plants due to the planned reduction in printing capacity;
  • The transition is in full swing at virtually all business units;
  • The reorganisations announced should result in annual savings of € 10 to € 12 million.