Netfonds AG reported earnings results for the first quarter of 2019. For the quarter, the company reported gross consolidated sales of EUR 24.4 million as compared to EUR 23.4 million for the same period last year. Net consolidated sales was EUR 5.6 million as compared to EUR 4.9 million for the same period last year.

For the current financial year 2019, the Management Board expects organic growth of around 12 to 18% and thus gross consolidated sales of between EUR 105 and 110 million. Net sales are expected to range between EUR 23.0 million and EUR 24.5 million.