Casa Damiani : The Board of Directors has approved the Interim Management Report to 31 December 2015

The Board of Directors has approved the Interim Management Report to 31 December 2015

Consolidated revenue at Euro 121 million (+4.8%)

Milan, 12 February 2016. The Board of Directors of Damiani S.p.A., parent company of the Damiani group operating in the creation, production and distribution of fine design jewelry in Italy and abroad, has, today, approved the Interim Management Report to 31 December 2015 relating to the first 9 months (April-December 2015) of the 2015/2016 financial year.

During the first 9 months of the 2015/2016 financial year, the group achieved Revenues from Sales and Services of Euro 121.0 million, a rise of 4.8% compared to the Euro 115.4 million recorded in the same period of the previous financial year. The growth in direct sales of the Damiani brand continued in both single- and multi-brand shops. This confirms the positive trend which has continued for more than five years and supports the strategic choices of the group to invest in the development of its direct distribution network to increase the visibility and prominence of the brand and move closer to the end customer.

At 31 December 2015, the group managed 57 direct points of sale and 20 franchised points positioned in the main centres of luxury in Italy and abroad.

OPERATING RESULT AND NET PROFIT

The operating performance has benefited not only from the growth in the turnover but also from non-recurring net income in the first 9 months of the 2015/2016 financial year. This determined a consolidated EBITDA of Euro 19.9 million and Consolidated Operating Result of Euro 13.6 million for the Damiani group.

The Consolidated Net Profit for the Group in the first 9 months of the 2015/2016 financial year was positive at Euro 6.5 million.

NET DEBT

At 31 December 2015, the group had Net Debt of Euro 51.6 million, largely stable with respect to the Euro 50.9 million at 31 March 2015.

IMPORTANT EVENTS OCCURRING IN THE QUARTER

On 12 October, the agreement between Damiani and the Aeronautica Militare (Air Force) to promote sport, with special reference to equestrian events, was signed at the Casa dell'Aviatore in Rome. The sports events will be promoted through joint initiatives aimed at enhancing the image of the Air Force in Italy and abroad.

On 11 November, the first Damiani boutique in Mexico City was inaugurated, inside the Palacio de Hierro, the most important and largest luxury department store in the residential Polanco district of the Mexican metropolis.

In November, the group started the direct management of a second Damiani boutique in Honolulu, in the prestigious context of the Hotel Halekulani, in the Waikiki district, one of the most fascinating tourist scenarios of Hawaii.

In November, the group started the direct management of Damiani boutique in Moscow.

At the beginning of December, a multi-brand Rocca 1794 point of sale was inaugurated at the international airport of Bergamo - Orio al Serio, Milan's third airport. The main low cost international routes from Northern Italy are concentrated there.

On 16 December 2015, Damiani created the rings given as prizes for the first edition of the Gazzetta Sports Awards. The eight best Italian athletes who distinguished themselves in their discipline at world level in 2015 were awarded the prizes. The prize-giving event was held in the Metropol Theatre, Milan, and celebrities from the sport and show business worlds wore jewels from Damiani collections at the ceremony.

Damiani signed an exclusive licensing contract for the Alfieri & St. John brand with Gens Aurea S.p.A. (controlled by the private equity fund Progressio) which, as licensee, acquired the right to produce and commercialise products with the brand indicated in the licence for a period of five years.

IMPORTANT EVENTS OCCURRING AFTER THE CLOSURE OF THE FIRST 9 MONTHS OF THE FINANCIAL YEAR

In January 2016, Damiani International SA acquired a minority holding in the share capital of Venini S.p.A., the most famous and awarded artistic glass company in the world, founded in 1921 in Murano.

Damiani S.p.A. issued this content on 12 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2016 18:46:31 UTC

Original Document: http://investorrelations.damiani.com/www/index.php?ctr=ir_comunicati_dett&id=190&id_cat=46&lang=eng