Netfonds AG announced preliminary earnings results for the first half of 2019. For the period the company reported gross consolidated sales increased by 8.65 to EUR 50.6 million compared to EUR 46.6 million a year ago. Net consolidated sales increased by 20.8% to EUR 11.2 million compared to EUR 9.3 million a year ago.

For the full year 2019 the company expects organic growth of around 12% to 18% and thus gross consolidated sales of between EUR 105 million and 110 million, while net consolidated sales will range between EUR 23.0 million and 24.5 million.