The Freiburg-based company reports first half earnings before interest and tax (Ebit) of €390,000 but confirms that it still aims to achieve profits of €5-8m during the year.

Revenues fell to €31.6m from €40.2 m in the first half of 2008, but SAG again forecasts turnover will hit €125-140m over the whole of 2009.

SAG says a considerable part of revenue and earnings growth in the second half will be achieved in its Project Planning and Plant Construction business unit which made an operating loss (Ebit) of €1.3m