AS Creation Tapeten AG announced group earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of EUR 46,969,000 compared to EUR 24,238,000 a year ago. EBIT was EUR 4,722,000 compared to EUR 3,661,000 a year ago. Earnings before income taxes were EUR 5,730,000 compared to EUR 2,208,000 a year ago. Earnings after income taxes were EUR 4,194,000 compared to EUR 932,000 a year ago. Cash flow was EUR 5,276,000 compared to EUR 4,374,000 a year ago. Capital expenditures were EUR 686,000 compared to EUR 1,832,000 a year ago. The Group result was clearly influenced by the exchange rate trend of the Russian rouble against the euro, which led to translation-related exchange gains in the first quarter of 2015 and to exchange losses in the same period of the previous year.

For the year 2015, the company expects consolidated sales revenues to be between EUR 175 million and EUR 185 million. The company expects high profit in the fiscal year 2015 after the loss-making year 2014.