Feike AG announced earnings results for the six months of 2014. The company realised revenues of EUR 48.9 million, exceeding last year's revenues by 9.1%. This positive development is mainly contributed by the fact that the number of retail outlets selling Feike's products was extended as planned.

As at June 30, 2014, the wide range of products was distributed via 2,360 retail outlets comprising boutique outlets and points of sale. The gross profit of the company amounted to EUR 16.2 million, representing an increase of 17.4% as compared to the first half of last year. Furthermore, the company underlines its profitability with an operating profit (EBIT) of EUR 12.6 million and an EBIT margin of 25.8%.

Excluding the IPO expenses, EBIT and EBIT margin amounted to EUR 13.8 million and 28.2%, respectively. The net cash flow generated from operating activities increased from EUR 14.1 million in first half of 2013 by 34.2% to EUR 19.0 million in first half of 2014. In addition, the company enjoys comfortable equity resources.

During the reporting period the total equity grew by approx. EUR 9 million to EUR 54.2 million, representing an equity ratio of 66.1%.