Reinhold Europe AB (publ) announced consolidated and parent earnings results for the fourth quarter and year ended December 31, 2017. For the fourth quarter, on consolidated basis, the company's loss for the period was EUR 2,100,000.

For the year, on consolidated basis, the company's loss before taxes was EUR 1,485,000. Loss for the period was EUR 2,549,000 or EUR 0.01 per share. Operating loss was EUR 1,416,000. Cash flow used in current operations was EUR 9,000. Investments in property, plant and equipment was EUR 1,310,000.

For the fourth quarter, on parent basis, the company's loss before taxes was EUR 488,000 against profit before taxes of EUR 2,265,000 a year ago. Loss for the period was EUR 1,552,000 against profit for the period of EUR 2,318,000 a year ago. Operating loss was EUR 465,000 against operating profit of EUR 1,477,000 a year ago.

For the year, on parent basis, the company's loss before taxes was EUR 1,364,000 against profit before taxes of EUR 2,168,000 a year ago. Loss for the period was EUR 2,428,000 against profit for the period of EUR 2,121,000 a year ago. Operating loss was EUR 1,336,000 against operating profit of EUR 1,404,000 a year ago.

For the year 2018, the company expects that the Board looks confident in 2018 and expects the Group to deliver a positive result.