Netfonds AG announced consolidated earnings results for the six months ended June 30, 2018. for the period, the company reported net consolidated revenues of EUR 9.3 million against EUR 7.6 million a year ago. EBITDA was EUR 0.6 million against EUR 1.2 million a year ago. Consolidated profit for the period amounted to EUR 1.5 million.

For the full year 2018, the Management Board of the company expects gross consolidated revenues of between EUR 92 million and 97 million (2017: EUR 86.0 million) and net consolidated revenues of between EUR 19 million and 20 million (2017: EUR 17.1 million). EUR). The EBITDA(adjusted for extraordinary IT investments) is expected in the range of EUR 2.5 million to 3.0 million. Total one-off IT expenses are expected at around EUR 1.5 million for the current fiscal year.