Damiani SpA reported unaudited consolidated earnings results for the year ended March 31, 2014. For the year, the company reported revenues from sales and services of €144,241,000 compared to €137,605,000 a year ago. EBITDA was €251,000 compared to LBITDA of €2,294,000 a year ago.

Operating loss was €3,848,000 compared to €5,868,000 a year ago. Result before taxes was €6,419,000 compared to €8,288,000 a year ago. Net result of the group was €8,556,000 or €0.11 per basic share compared to net profit for the period of €8,390,000 or €0.11 per basic share a year ago.

At 31 March 2014, the group had a net debt of €40.8 million compared to €33.0 million at 31 March 2013.