Damiani S.p.A. announced consolidated earnings results for the nine months ended December 31, 2014. For the period, the company reported total revenues of EUR 115,466,000 compared to EUR 110,330,000 a year ago. EBITDA was EUR 5,181,000 compared to EUR 271,000 a year ago.

Operating result was EUR 1,854,000 compared to operating loss of EUR 2,194,000 a year ago. Loss before taxes was EUR 391,000 compared to EUR 3,342,000 a year ago. Net loss of the Group was EUR 1,366,000 compared to EUR 3,561,000 a year ago.

Basic losses per share was EUR 0.02 compared to EUR 0.05 a year ago. At 31 December 2014, the Group had a negative net debt of EUR 50.2 million (EUR 40.8 million a 31 March 2014), due to the seasonality and the investments in the period.