COIL announced sales results for second quarter and first half of 2017. For the second quarter, the company's revenues were EUR 6,904,000 against EUR 8,579,000 a year ago.

For the first half, the company's revenues were EUR 14,361,000 against EUR 15,482,000 a year ago.

For the first half, the company expects to deliver solid profitability for the first half of 2017, despite the contraction in sales over the period linked to the general economic environment.

For the second half, the company expects a gradual improvement in its sales despite an unfavourable base effect, which will continue to have an adverse impact in the third quarter.