The company raised its 2014 sales target to between €1.65bn ($2.06bn) and €1.75bn after previously expecting a €1.5bn-€1.6bn range.

"As expected, we have further improved important key performance figures in the course of the year and assume continued good performance in the fourth quarter," chief executive Jürgen Zeschky said.

The company in the third quarter achieved a net profit of €17.96m,