Nordwest Handel reported earnings results for the first-quarter of 2014. For the period the company reported that its net profit fell to EUR 680,000 (USD 946,000) from EUR 878,000 due to a bigger tax burden. Earnings before interest and tax (EBIT) remained flat at EUR 1.3 million, while revenue rose 4.7%.

For the year 2014, revenue is expected to grow between 2% and 9%, although conditions in the steel sector remain difficult and forecasts are difficult to make. EBIT is projected at EUR 6.5 million to EUR 7.4 million, while net profit should amount to EUR 4 million to EUR 4.6 million.