A.S. Création Tapeten AG reported consolidated earnings results for the nine months ended September 30, 2017. For the period, the company reported sales revenue of EUR 109,350,000 against EUR 116,290,000 a year ago. Loss before interest and taxes was EUR 14,131,000 against earnings of EUR 4,908,000 a year ago. Loss before taxes was EUR 16,025,000 against earnings of EUR 7,600,000 a year ago. Loss after taxes was EUR 15,851,000 or EUR 5.75 per share against earnings of EUR 5,503,000 or EUR 2.00 per share a year ago. Cash flow was EUR 3,544,000 against EUR 11,378,000 a year ago. Capital expenditures were EUR 7,589,000 against EUR 3,809,000 a year ago. The strongest declines in revenues were recorded in the EU, which were faced with reduced overall demand for wallpapers and furnishing fabrics.

In view of the business trend in the first nine months of 2017, the Managing Board projects revenues of between EUR 138 million and EUR 143 million and loss after taxes of between EUR 16 million and EUR 19 million for the full year 2017.
The fourth quarter of 2017 is expected to be influenced by a continuation of the fierce competition for market share.