Biancamano S.p.A. announced consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenues of EUR 62.079 million compared to EUR 68.641 million a year ago. EBITDA was EUr 7.545 million compared to EUR 7.310 million a year ago. EBIT was EUR 3.736 million compared to EUR 3.887 million a year ago. Profit before tax was EUR 1.003 million compared to EUR 2.473 million a year ago. Net profit from continuing operations was EUR 0.504 million compared to EUR 1.288 million a year ago. Net profit for the current period was EUR 0.504 million compared to EUR 1.288 million a year ago. Net profit pertaining to Group was EUR 0.504 million compared to EUR 1.288 million a year ago. Basic and diluted Group net profit per share was EUR 0.02 compared to EUR 0.04 a year ago. Basic and diluted Group net profit from continuing operations per share was EUR 0.02 compared to EUR 0.04 a year ago. Cash flow generated by operating activities was EUR 1.067 million compared to EUR 27.098 million a year ago. Increase in shareholdings, and non-current financial assets was EUR 0.001 million compared to EUR 0.034 million a year ago. Increase in intangible/tangible fixed assets was EUR 9.114 million compared to EUR 36.264 million a year ago. The reduction in revenue was mainly related to the sale of Hospital Waste Business Unit which in first quarter of 2011 contributed about EUR 3.0 million to consolidated turnover.