Damiani SpA reported consolidated earnings results for the first quarter ended June 30, 2014. Total revenues were €30.8 million compared to €33.1 million recorded in the same period of the previous year. EBITDA was €1.3 million against LBITDA of €0.6 million last year.

Operating loss was €0.1 million compared to €1.4 million last year. Loss before taxes was €0.5 million compared to €1.7 million last year. Net loss was €1.0 million or €0.01 per basic share against €2.0 million or €0.03 per share last year.

At June 30, 2014, the group had a net debt of €41.4 million, essentially stable compared with €40.7 million at March 31, 2014.