Damiani SpA reported consolidated and parent company earnings results for the year ended March 31, 2015. For the year, on consolidated basis, the company reported revenues from sales and services of €150,421,000 compared to €144,241,000 a year ago. EBITDA was €4,039,000 compared to EBITDA of €251,000 a year ago. Operating loss was €400,000 compared to €3,849,000 a year ago. Result before taxes was €3,571,000 compared to €6,420,000 a year ago. Net loss of the group was €3,454,000 or €0.04 per basic share compared to net loss for the period of €8,557,000 or €0.11 per basic share a year ago. At March 31, 2015, the group had a negative net financial position of €50.5 million compared to €40.8 million at March 31, 2014. The variation is the direct result of the growing need from the working capital and investments related to the drive in the retail channel that the group is making.

In the financial year to March 31, 2015, the parent company recorded income of €144.5 million (of which €120.7 million from sales to Italian and foreign customers and €23.8 million infra-group). The EBITDA was positive for €8.1 million and the net profit was positive for €2.6 million.