Damiani SpA announced consolidated and parent earnings results for the year ended March 31, 2013. For the year, on consolidated basis, revenues were EUR 137.8 million compared to EUR 151.6 million to 31 March 2011, a fall of 9.1%, at current exchange rates and 9.6% at fixed exchange rates. LBITDA of EUR 2.7 million, improving with respect to the EUR 4.3 million recorded at 31 March 2012. The operating loss was EUR 6.3 million, an improvement with respect to the EUR 7.4 million recorded at 31 March 2012. Net loss was EUR 8.6, an improvement with respect to the EUR 11.9 million for the financial year 2012. Net financial debt was EUR 33.0 million, an improvement over the EUR 36.7 million at 31 December 2012.

For the year, on parent basis, total revenues of EUR 78.5 million increase of 21.2% compared to the previous financial year and a net loss of EUR 3.2 million compared to EUR 6.0 million in the previous financial year.

The director Francesco Minoli, non-executive director of the company after annual report approval, has resigned, for personal reasons, from the position with effect from the date of the shareholders' meeting to approve the balance of accounts for the financial year to 31 March 2013. Director Minoli does not hold shares in the company.