Walter Meier AG announced group earnings results for the year ended December 31, 2016. For the year, the company reported sales of CHF 239,570,000 compared to CHF 240,690,000 a year ago. This was due to very strong demand in the project business involving air-conditioning systems, which fully offset low order levels in the replacement business. EBITDA was CHF 16,947,000 compared to CHF 13,149,000 a year ago. EBIT was CHF 12,971,000 compared to CHF 9,400,000 a year ago. Net income was CHF 14,715,000 or CHF 2.02 per registered share compared to CHF 7,420,000 or CHF 1.02 per registered share a year ago. Free cash outflow was CHF 5,865,000 compared to free cash inflow of CHF 18,938,000 a year ago.