• Improved order situation and exchange rate movements affect sales and incoming orders in first quarter
• EBITDA increases to € 46 million, including non-recurring effect from PSG takeover
• EBIT improves to € 13 million; income from PSG takeover compensates for special items
• Equity ratio climbs to around 15 percent
• Syndicated credit line extended early to mid-2019
• Outlook: Well on way to achieving targets for year

• Investment in services, consumables, and digital printing will lead to future growth
• Operating margin (EBITDA margin excluding special effects) slightly higher despite comprehensive portfolio optimization
• Low leverage (<2) and long-term financing framework lay the foundations for further strategic reorientation
• Outlook for 2015/2016: Sales increase of 2 to 4 percent forecast, with target EBITDA margin of at least 8 percent

Nova estratégia de marca e identidade representa um marco na transformação corporativa plurianual